IIT-Trader

BANKNIFTY--Will Right shoulder formed to fill Bullish Gap??

IIT-Trader Cập nhật   
NSE:BANKNIFTY   Nifty Bank Index
Observations::
previous resistance zone @45300-45350,is again an hurdle to move the price upside,
the demand zone @45450 again resisting the price to go up.
we don't get any sell opportunity today...price wont breaks the 45000 level.
now price is near to its trendline in smaller time frames..
if that breaks and retest will enter on short side by keeping the stop loss above 45300-45350 zone, for targets of bullish gap left below.
Previous strong buy ness from 45000 level becomes weak, price is slowly moving to test the demand acts as supply one more time.
will see tomorrow if price breaks the trendline, and gives retest will enter on short side..
Bình luận:
the demand zone @45200 has to fail...and retest.
Bình luận:
broken the trendline...waiting for entry..
Bình luận:
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Exit few quantity....remaining until gap finished...
Bình luận:
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reason is we are in hidden demand zone.
Bình luận:
price starts consolidation....more advantage..
Bình luận:
If they want to eliminate sell side liquidity....they will do this..
Bình luận:
still momentum is not over....
Bình luận:
price is ranging...
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Still in the range...
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now again price is our POI for short....wait for confirmation
Bình luận:
price broken our POI area strongly...failed to move upside...
Bình luận:
Finally Head and shoulders pattern Done...

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