BANKNIFTY--Trendline Breaks ??

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

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.
תמונת-בזק
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...
תמונת-בזק
הערה
will go for long again if breaks above.
תמונת-בזק
הערה
תמונת-בזק
הערה
Safe traders take the entry, break and retest....Double confirmation.
הערה
If anybody wants to exit...exit if trendline breaks. safe one's
תמונת-בזק
הערה
Reason for keep in the trade is broken trendline...
תמונת-בזק
הערה
will see what happens.
הערה
Keep an eye on this zone 45925...yesterday strong sell off happens.
תמונת-בזק
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
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הערה
price is still in a range.
תמונת-בזק
עסקה סגורה: היעד הושג
Target1 done....not giving much due to volatality and decay...
תמונת-בזק
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.
תמונת-בזק
הערה
In that demand...Bulls may be windup thier positions or initiate thier positions don't know.wait before sell.
תמונת-בזק
הערה
look for sell only when..price falls below...channel and retested..until no short.
תמונת-בזק
BANKNIFTYbankniftyanalysisbankniftylevelsbankniftypredictionbankniftytradesetupbankniftytrendbankniftyviewSupply and DemandSupport and ResistanceTrend Analysis

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