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...
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...
Bình luận:
Double top and Head and Shoulders pattern all these are indicating that a sign of reversals, in banknifty.
Bình luận:
will see what happens tomorrow.
Bình luận:
Don't go for short side, wait it may go higher, without confirmation don't initiate a short trade.
Bình luận:
until trendline breaks and retest don't go for short side.
Bình luận:
until trendline breaks and retest of trendline...no short entry.
if breaks and retest will look for short.
until then keep watch.
if breaks and retest will look for short.
until then keep watch.
Bình luận:
now at trendline will see it breaks or rise.
Bình luận:
Gap filled....be care full.
Bình luận:
if price again breaks will go for short side...keeping Sl near trendline.
Bình luận:
broken and retest is done.
Giao dịch đang hoạt động
Bình luận:
safe traders wait for break below....
Bình luận:
it is a risky trade....a continuous fall trade...may stop loss hit...keep safe.
Bình luận:
Strict to SL
Bình luận:
Bình luận:
this is the place...they can take the price much higher....
Bình luận:
I am changing my Sl to Entry point.
Bình luận:
safe ones book
Đóng lệnh: đạt mục tiêu:
Bình luận:
keep safe....
Bình luận:
price broken the trendline on opposit side...
Bình luận:
Risk ones enter long
Giao dịch đang hoạt động
Bình luận:
Đóng lệnh: dừng lỗ:
**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--
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
