BANKNIFTY--Which Breaks Demand or ATH ??

٢٧ يوليو ٢٠٢٣

Today's observations::
Price rapidly falls from the 46300 levels.
Price may again test the ATH, so don't go for short immediately.
based on the opening will again look for buy or short.

Key level to watch is previous ATH, that is the level that can push price up or lower.
On bottom side,
Price is again taken the support from demand zone...until demand breaks no Short again...
fake breakdown may also happen at demand zone careful here...
this is a strong area of value and demand zone.. that can't break easily....
will see what happens in the next session.

٢٨ يوليو ٢٠٢٣

ملاحظة

price opened near demand, don't go on any side...

٢٨ يوليو ٢٠٢٣

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price broken the demand...we don't know, it acts as resistance or it acts as support again....pls wait for more confirmation.

٢٨ يوليو ٢٠٢٣

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wait it will come back to the zone again...don't initiate a short or long.

٢٨ يوليو ٢٠٢٣

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moving in a channel...wait for breakout or break down and retracement.

٢٨ يوليو ٢٠٢٣

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٢٨ يوليو ٢٠٢٣

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don't go short...wait for the right time...

٢٨ يوليو ٢٠٢٣

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If price cannot able to break upside...if breaks the bottom side...look for sell on retracement.

٢٨ يوليو ٢٠٢٣

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price is completely in a range bound ...we won't get any entries...
keep safe in this kind of market...

٢٨ يوليو ٢٠٢٣

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price is below strong demand...so don't long...keep on short side...
bottom demand is weak..it can break easily...so wait for break and retest.

٢٨ يوليو ٢٠٢٣

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٢٨ يوليو ٢٠٢٣

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Becareful gyus

٢٨ يوليو ٢٠٢٣

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I will enter long if price breaks this .Keeping the SL below. Risky , will see.

٢٨ يوليو ٢٠٢٣

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price still not breaks the bottom demand..if breaks and retest..enters in short.