IIT-Trader

BANKNIFTY--Retest and Rise ??

IIT-Trader מעודכן   
NSE:BANKNIFTY   Nifty Bank Index
Observations::
price a strong fall is witnessed today as well...
noticed that fall happens after a consolidation...
if consolidation + Downside =Up...may be possible...
we are still left with the bullish gap left below @previous resistance..
if this previous resistance will acts as support or not,
we have a trendline confirmation as well to go long...
wait until price breaks the trendline and retest to enter long.
If a continuous fall happens...enter break of the previous resistance and retest of strong resistance.
הערה:
consolidation to downside is observed...
הערה:
price is exactly opens below...resistance zone...wait before enters in long position...
הערה:
if price fills the bearish gap look for sell here...
הערה:
price is at the trendline and resistance...
עסקה פעילה:
small target
הערה:
If stop loss hits...will do reverse trading...up to the bullish gap finished...
הערה:
this is a strong zone....if breaks...up side movement...not able to move up, downside movement...
עסקה סגורה: היעד הושג:
keep in trade...exit few at entry.
הערה:
now price is at our poi for sell...long entry done...
הערה:
If price consolidates and comes down...
bottom side demand zone fails to take the price up..i will wait for the price to break...then will go for short entry...until keep on buy side.
הערה:
הערה:
price broken our demand...if the trendline acts as support..price will rise fastly....
הערה:
On bottom side..we have trendline support.... pls wait before short.
הערה:
At trendline....if fails and retest will go for short entry.
הערה:
i am ready for sell side....
עסקה פעילה:
הערה:
exit few at bullish gap...remaining below bullish gap or entry point.
עסקה סגורה: היעד הושג:
target 1 is done
עסקה סגורה: היעד הושג:
target 2 is reached.

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