BANKNIFTY--Gap Up or Down ??

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After a strong consolidation price moved strongly to the upside...
an indication of short entry....
Identify that the neckline again acts as a strong resistance and not allowing us to go upside...
price taken the entry on short side.....
price again closing in the same range...After a strong consolidation.
Initially price showing bullish pressure but failed to take the price again upside.
again a strong consolidation to rise upside....
indicating a short side....
If tomorrow opens gap up or gap down...
we will wait for the price to retrace back, will also be continue with the trend.
If price opens gap up and continue its momentum towards 45400 levels, we will expect a retracement to neckline...

will see what happens in the next session.
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Done few
ảnh chụp nhanh
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remaining to target 3
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keep your next target to 44650 levels.
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Keep safe no fresh short...it will eliminate again...
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consider this as a pullback and enter 2nd trade.
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Giao dịch đang hoạt động
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target 1 of daylow done.
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now change your to entry point. or just above the zone.
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stoploss
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safe ones exit.
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ALL these trades are yesterday's ....
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safe ones exit better again volatality increases.
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drop base drop is going to observe...keep in the trade.
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Don't initiate any fresh trades...short you might be in risk
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safe ones close almost 80% of short...
ảnh chụp nhanh
Giao dịch được đóng thủ công
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I exited all my shorts...
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An elimination move will come...safe ones exit short.
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risk one enter long with me.
ảnh chụp nhanh
Giao dịch đang hoạt động
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Keep safe.
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safe ones keep your stoploss to below trendline..
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safe ones exit
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Long side target 1 done.
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After target 2.... I will give one more trade...keep track
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safe one's exit..it may hit or fall happens.
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Don't go for short side...immediately.
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enter long again..on break target and SL as shown.
ảnh chụp nhanh
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Keep change your Sl little upside.
ảnh chụp nhanh
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safe ones exit at 1: 1
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move your SL to entry.
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this is an elimination move...before going up.
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some times the red circle zone, will push down wards...keep look at the place.
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safe ones exit before the selling pressure comes.
Đóng lệnh: đạt mục tiêu
Target 1 done.
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Target 2 also done....
ảnh chụp nhanh
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Done for the day...no more trades...
will see in the next session.
BANKNIFTYbankniftyanalysisbankniftylevelsbankniftyoptionsbankniftytradesetupbankniftytradingbankniftytrendbankniftyviewBeyond Technical AnalysisSupport and ResistanceTrend Analysis

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