BANKNIFTY-- Double Top Formed??

Bank nifty Index has formed a double top
price has formed a double top, with a break of demand and price is retraced back to fall again.

If price wants to fall from strong resistance area,
tomorrow price will again test the strong resistance at 45900 level.keep on buyside until this area.
we have a bearish Gap and Strong resistance.

Until price fills these we can't be on bearish side...
we have a trendline confirmation as well...price has taken the support from trendline multiple times, until price breaks the trendline and retest don't go for short side...

הערה:

Double top and Head and Shoulders pattern all these are indicating that a sign of reversals, in banknifty.

הערה:

will see what happens tomorrow.

הערה:

Don't go for short side, wait it may go higher, without confirmation don't initiate a short trade.

הערה:

until trendline breaks and retest don't go for short side.

הערה:

until trendline breaks and retest of trendline...no short entry.
if breaks and retest will look for short.
until then keep watch.

הערה:

now at trendline will see it breaks or rise.

הערה:

Gap filled....be care full.

הערה:

if price again breaks will go for short side...keeping Sl near trendline.

הערה:

broken and retest is done.

עסקה פעילה

הערה:

safe traders wait for break below....

הערה:

it is a risky trade....a continuous fall trade...may stop loss hit...keep safe.

הערה:

Strict to SL

הערה:

הערה:

this is the place...they can take the price much higher....

הערה:

I am changing my Sl to Entry point.

הערה:

safe ones book

עסקה סגורה: היעד הושג:

הערה:

keep safe....

הערה:

price broken the trendline on opposit side...

הערה:

Risk ones enter long

עסקה פעילה

הערה:

עסקה סגורה: הגיע לסטופ: