IIT-Trader

BANKNIFTY--Trendline Breaks ??

IIT-Trader Cập nhật   
NSE:BANKNIFTY   Nifty Bank Index
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.
Bình luận:
Price exactly opnes in supply zone...Don't go for short...It may goes up...
voilation of trendline...will look for buying...
Bình luận:
will go for long again if breaks above.
Bình luận:
Bình luận:
Safe traders take the entry, break and retest....Double confirmation.
Bình luận:
If anybody wants to exit...exit if trendline breaks. safe one's
Bình luận:
Reason for keep in the trade is broken trendline...
Bình luận:
will see what happens.
Bình luận:
Keep an eye on this zone 45925...yesterday strong sell off happens.
Bình luận:
Safe one's exit from long....this zone pushes the price down...
Bình luận:
I am in long...Target or stoploss.
Bình luận:
I am changing my SL to, swing low...no momentum
Bình luận:
price is still in a range.
Đóng lệnh: đạt mục tiêu:
Target1 done....not giving much due to volatality and decay...
Bình luận:
Changing my Sl to 45900., reducing risk to small.
Bình luận:
buyers are eliminated by each move...
Giao dịch được đóng thủ công:
I exited from the trade....not moving much.
Đóng lệnh: đạt mục tiêu:
Before selling pressure comes...its better to to exit.
Bình luận:
In that demand...Bulls may be windup thier positions or initiate thier positions don't know.wait before sell.
Bình luận:
look for sell only when..price falls below...channel and retested..until no short.

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