BANKNIFTY--Trendline Breaks ??

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

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.
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will see what happens tomorrow in live.
Ghi chú
Price exactly opnes in supply zone...Don't go for short...It may goes up...
voilation of trendline...will look for buying...
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Ghi chú
will go for long again if breaks above.
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Ghi chú
ảnh chụp nhanh
Ghi chú
Safe traders take the entry, break and retest....Double confirmation.
Ghi chú
If anybody wants to exit...exit if trendline breaks. safe one's
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Ghi chú
Reason for keep in the trade is broken trendline...
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Ghi chú
will see what happens.
Ghi chú
Keep an eye on this zone 45925...yesterday strong sell off happens.
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Ghi chú
Safe one's exit from long....this zone pushes the price down...
Ghi chú
I am in long...Target or stoploss.
Ghi chú
I am changing my SL to, swing low...no momentum
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Ghi chú
price is still in a range.
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Đóng lệnh: đạt mục tiêu
Target1 done....not giving much due to volatality and decay...
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Ghi chú
Changing my Sl to 45900., reducing risk to small.
Ghi chú
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.
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Ghi chú
In that demand...Bulls may be windup thier positions or initiate thier positions don't know.wait before sell.
ảnh chụp nhanh
Ghi chú
look for sell only when..price falls below...channel and retested..until no short.
ảnh chụp nhanh
BANKNIFTYbankniftyanalysisbankniftylevelsbankniftypredictionbankniftytradesetupbankniftytrendbankniftyviewSupply and DemandSupport and ResistanceTrend Analysis

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