BANKNIFTY--Trending Up or Down ??
Atualizado
The bank nifty index, entire day price is trading in a range.
Tomorrow we can expect a breakout or breakdown.....
On top side if price breaks the 45100 level and gives us retest will go for long.
on bottom side if price breaks 44600 and retest will go for short side...
at triangle breakdown or breakout no entry will be placed...
fake out may be possible after a consolidation.
One more point after a strong consolidation price is going down means we can expect a strong upside momentum.
careful here.
Today price has taken the liquidity on both sides...eliminating both buyers and sellers.
Tomorrow we can expect a breakout or breakdown.....
On top side if price breaks the 45100 level and gives us retest will go for long.
on bottom side if price breaks 44600 and retest will go for short side...
at triangle breakdown or breakout no entry will be placed...
fake out may be possible after a consolidation.
One more point after a strong consolidation price is going down means we can expect a strong upside momentum.
careful here.
Today price has taken the liquidity on both sides...eliminating both buyers and sellers.
Nota
don't forget the right shoulder and Neckline.Nota
price is still in range. wait for up or down.Nota
wicks showing us bullish pressure....Nota
Don't go long...its manipulating.Nota
wait for break and retest...Nota
just broken.Nota
Nota
If it is a continuous bullish, will enter on long ,if gives retracement.Nota
Strong reds are approching the zone ignore long.Nota
this helps a lot....i think.Nota
if this trendline acts as support and again breaks high Enter long.Nota
If this again rejects i will go for short entry....keep look at this level.Nota
Nota
now price is at my POI for sell.need cinfirmationNota
this time if it is bearish our entry will be triggered.Nota
I am taking the entry to little upside...on break of this low my short triggered.Nota
Consolidation + price moves upside.... confirmation of sell side...looking for reversal setup....near its trendline
strong bullishness failed to take the price up.
Nota
so waiting for short....Nota
Nota
failed to break below.Trade fechado manualmente
Our stoploss won't hit....targets won't hit....will see in next session.
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Also share your thoughts in the comments section.
Thanks for your Support **
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