BANKNIFTY--Trending Up or Down ??

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The bank nifty index, entire day price is trading in a range.
Tomorrow we can expect a breakout or breakdown.....
On top side if price breaks the 45100 level and gives us retest will go for long.
on bottom side if price breaks 44600 and retest will go for short side...
at triangle breakdown or breakout no entry will be placed...
fake out may be possible after a consolidation.
One more point after a strong consolidation price is going down means we can expect a strong upside momentum.
careful here.
Today price has taken the liquidity on both sides...eliminating both buyers and sellers.
Ghi chú
don't forget the right shoulder and Neckline.
Ghi chú
price is still in range. wait for up or down.
ảnh chụp nhanh
Ghi chú
wicks showing us bullish pressure....
ảnh chụp nhanh
Ghi chú
Don't go long...its manipulating.
Ghi chú
wait for break and retest...
ảnh chụp nhanh
Ghi chú
just broken.
ảnh chụp nhanh
Ghi chú
ảnh chụp nhanh
Ghi chú
If it is a continuous bullish, will enter on long ,if gives retracement.
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Ghi chú
Strong reds are approching the zone ignore long.
Ghi chú
this helps a lot....i think.
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Ghi chú
if this trendline acts as support and again breaks high Enter long.
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Ghi chú
If this again rejects i will go for short entry....keep look at this level.
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Ghi chú
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Ghi chú
now price is at my POI for sell.need cinfirmation
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Ghi chú
this time if it is bearish our entry will be triggered.
ảnh chụp nhanh
Ghi chú
I am taking the entry to little upside...on break of this low my short triggered.
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Ghi chú
Consolidation + price moves upside.... confirmation of sell side...
looking for reversal setup....near its trendline

ảnh chụp nhanh

strong bullishness failed to take the price up.
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Ghi chú
so waiting for short....
Ghi chú
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Ghi chú
failed to break below.
ảnh chụp nhanh
Giao dịch được đóng thủ công
Our stoploss won't hit....targets won't hit....
will see in next session.
BANKNIFTYbankniftyanalysisbankniftyintradaylevelsbankniftylevelsbankniftytradesetupbankniftytradingbankniftytrendbankniftyviewBeyond Technical AnalysisSupply and DemandTrend Analysis

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