BANKNIFTY--Continuation or Reversal ??

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Observations::
Today price broken the ATH again and showed a strong bullishness towards 46000....
Above ATH, we are going to mark the levels by using pivot point standard.
today it performed well above ATH.

So, on that basis i am giving the levels for tomorrow,
if we see on monthly pivots price broken the Resistance level R2 strongly.
price facing the resistance multiple times,and broken this level.
in monthly the next resistance is located at 46650 level.
ảnh chụp nhanh

Coming to weekly analysis, price broken the Resistance R4,at 46100 level....
and the next resistance is located at 46400 level.
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Before continuation will it gives a pullback..or continue to move upwards.
on bottom side, a zone is formed combination of monthly resistance and weekly support.
if price again comes to this level, I am again looking for buyside...
if no chance will be on sell side to bottom levels.

All these are the pre and post market analysis, live market is entirely different. Will see what happens in live market.
Ghi chú
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Ghi chú
no sign of bearishness...will see what happens at R1
Ghi chú
when ever market continuously moving...it will give us retracement to 50-60 zone of fibonacci...will see will get our entry.
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Ghi chú
No entry.....Ignoring long...
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Ghi chú
ảnh chụp nhanh
Ghi chú
wait for the price to break below pivot point and gives us retracement to sell.
Ghi chú
until no short...
Ghi chú
It may forms head and shoulders pattern....pls wait.
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Ghi chú
now it is moving as per the set up....i am waiting for confirmation...
on bottom side we have Strong HH, that will push too hard....so keep wait.
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Ghi chú
with small risk....we can place our entry... No entry...pls wait .. strict SL
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Ghi chú
those who want safe traders....pls wait.....do this.
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Ghi chú
when again breaking the pivot you can take entry...this is the place the buyers try to make an up move...be cautious.
Ghi chú
pushing up pushing up.....
ảnh chụp nhanh
Ghi chú
price is near to our entry...
price has taken the support from Previous HH.
ảnh chụp nhanh
Ghi chú
wait for the price to break the trendline...
Ghi chú
In continuous down move...no entry for us...
now will see it gives or not.
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Ghi chú
broken strongly
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Giao dịch đang hoạt động
Ghi chú
ảnh chụp nhanh
Ghi chú
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Ghi chú
created one more channel
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Ghi chú
days open is pushing up...
Ghi chú
safe ones pls exit....
ảnh chụp nhanh
Đóng lệnh: đạt mục tiêu
target 1 done
ảnh chụp nhanh
Ghi chú
move your stop loss to entry and enjoy the fall
Ghi chú
If day low cannot be break...will again move upside...to eliminate all sellers.
Ghi chú
price is again near the trendline...
will again push down..
move your sl to entry...
ảnh chụp nhanh
Giao dịch được đóng thủ công
BANKNIFTYbankniftyanalysisbankniftyoptionsbankniftypredictionbankniftytradesetupbankniftytradingbankniftytrendbankniftyviewSupply and DemandSupport and ResistanceTrend Analysis

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