IIT-Trader

BANKNIFTY--Retracement or Reversal ??

IIT-Trader Cập nhật   
NSE:BANKNIFTY   Nifty Bank Index
Observations::
After a gap up opening price is reversed immediately....
can we consider this as a buyers exhaustion...

The previous bearish gap is resisting the price to go down...
if this failed we have an immediate support in the form of resistance acts as support...
previous multiple times that price got rejected from the same zone can push the price up...
until these zones failed to acts as support, then only will go for short side...

if todays bearish move is a retracement, then tomorrow we will observe a bullish momentum again..
if it is a bearish sign, resistances failed to acts as support a strong fall is going to observe...
If today's move is strong bearish and again rejects from top will be on bearish side up to...45100 levels.
Yesterday A strong bullish move is initiated to exit all the long positions...
then it will be fall again...

we will see what happens in the live market...

Bình luận:
Golden zone is also located in the same area...
Bình luận:
the volume also more....
Bình luận:
Bình luận:
Wit for the price to comes to the levels...
if breaks ATH and gives pullback we will also with momentum...
if firstly comes down...will be on bearish...on both sides fake breakout is possible ...
keep safe today..
Bình luận:
Lets wait we have a pivot is below ,lets break and retest..will go down..with small risk.
Bình luận:
price is ranging...if price moves up we look for sell at R1...
if price comes down..will see again Pivot is rejecting the price or not...then will short..
Bình luận:
It ha to break the trendline and gives us retracement then will go for short...until don't go...
Bình luận:
risk ones enter long
Giao dịch đang hoạt động:
long active
Bình luận:
still in trade...will see what happens...
exactly reversed from the Sl Point
Đóng lệnh: dừng lỗ:
Bình luận:
Stoploss hunt is triggered...
keep safe.
Bình luận:
Bình luận:
safe traders exit from long...
Bình luận:
option premiums are not increasing...
Bình luận:
Giao dịch được đóng thủ công

**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.