BANKNIFTY--Trendline Breaks ??

Price opens gap up above the trendline, and failed to take the help of trendline.
sellers are aggressively taken the price towards demand zone.

Reached our targets on bottom side up to demand zone.
now interesting point is,
price exactly closed at the previous supply zone, where previously a strong sell off is observed.
If price wants to go downside, this is the place to take it downside...as already discussed earlier.

we will go for buying only if trendline acts as support, we will initiate a long entry...
if demand breaks and gives us pullback will enter on short side, with small stop loss.

In smaller time frame, price broken the trendline and closed below it.

will see what happens tomorrow in live.

הערה:

Price exactly opnes in supply zone...Don't go for short...It may goes up...
voilation of trendline...will look for buying...

הערה:

will go for long again if breaks above.

הערה:

הערה:

Safe traders take the entry, break and retest....Double confirmation.

הערה:

If anybody wants to exit...exit if trendline breaks. safe one's

הערה:

Reason for keep in the trade is broken trendline...

הערה:

will see what happens.

הערה:

Keep an eye on this zone 45925...yesterday strong sell off happens.

הערה:

Safe one's exit from long....this zone pushes the price down...

הערה:

I am in long...Target or stoploss.

הערה:

I am changing my SL to, swing low...no momentum

הערה:

price is still in a range.

עסקה סגורה: היעד הושג:

Target1 done....not giving much due to volatality and decay...

הערה:

Changing my Sl to 45900., reducing risk to small.

הערה:

buyers are eliminated by each move...

העסקה בוטלה באופן ידני:

I exited from the trade....not moving much.

עסקה סגורה: היעד הושג:

Before selling pressure comes...its better to to exit.

הערה:

In that demand...Bulls may be windup thier positions or initiate thier positions don't know.wait before sell.

הערה:

look for sell only when..price falls below...channel and retested..until no short.