BANKNIFTY--44500 is Support or Resistance ??
Bank nifty index a continuous fall is observed from the break of major trendline without retest.
price broken the demand @44800 and 44600 levels,
the previous resistance is also failed to push the price up,
so a strong fall is observed below 44500.
Price is now exactly closed @ 44500 level, which is a strong fall area previous.
if this again pushes the price down will observe a continuous fall to bottom levels @43800 levels.
if the same resistance acts as support, price is again be bullish.
tomorrow move will decide to go further lower or higher.
until keep in watch mode.
I will do one more post on buy side setup...
I cannot mix both intraday and swing setup in a single post.
Thanks for your support and Encouragement guys.
stay tuned for more updates....
price broken the demand @44800 and 44600 levels,
the previous resistance is also failed to push the price up,
so a strong fall is observed below 44500.
Price is now exactly closed @ 44500 level, which is a strong fall area previous.
if this again pushes the price down will observe a continuous fall to bottom levels @43800 levels.
if the same resistance acts as support, price is again be bullish.
tomorrow move will decide to go further lower or higher.
until keep in watch mode.
I will do one more post on buy side setup...
I cannot mix both intraday and swing setup in a single post.
Thanks for your support and Encouragement guys.
stay tuned for more updates....
Bình luận:
Price opened exactly at right shoulder... that is the key level...price can move any side....keep safe.
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Price will gives us discount to go long....if it is a support.wait for long.
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If price breaks above look for sell at neckline...
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Price is at right shoulder with long tailing upwards...
be safe.
be safe.
Bình luận:
wait for long entry.
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safe traders...take the entry on break and retest of neckline.
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there is a chance to push it downside.
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Reducing the risk to little.
broken the trendline...and gives some pullback and breaks above i will enter long.
broken the trendline...and gives some pullback and breaks above i will enter long.
Bình luận:
will see in the next session what happens.
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then this will be a possibility.
we will look for buy side...at Right shoulder...