BANKNIFTY--Trendline Breaks ??
تم تحديثه
Price opens gap up above the trendline, and failed to take the help of trendline.
sellers are aggressively taken the price towards demand zone.
Reached our targets on bottom side up to demand zone.
now interesting point is,
price exactly closed at the previous supply zone, where previously a strong sell off is observed.
If price wants to go downside, this is the place to take it downside...as already discussed earlier.
we will go for buying only if trendline acts as support, we will initiate a long entry...
if demand breaks and gives us pullback will enter on short side, with small stop loss.
In smaller time frame, price broken the trendline and closed below it.
will see what happens tomorrow in live.
sellers are aggressively taken the price towards demand zone.
Reached our targets on bottom side up to demand zone.
now interesting point is,
price exactly closed at the previous supply zone, where previously a strong sell off is observed.
If price wants to go downside, this is the place to take it downside...as already discussed earlier.
we will go for buying only if trendline acts as support, we will initiate a long entry...
if demand breaks and gives us pullback will enter on short side, with small stop loss.
In smaller time frame, price broken the trendline and closed below it.
will see what happens tomorrow in live.
ملاحظة
Price exactly opnes in supply zone...Don't go for short...It may goes up...voilation of trendline...will look for buying...
ملاحظة
will go for long again if breaks above.ملاحظة
ملاحظة
Safe traders take the entry, break and retest....Double confirmation.ملاحظة
If anybody wants to exit...exit if trendline breaks. safe one'sملاحظة
Reason for keep in the trade is broken trendline...ملاحظة
will see what happens.ملاحظة
Keep an eye on this zone 45925...yesterday strong sell off happens.ملاحظة
Safe one's exit from long....this zone pushes the price down...ملاحظة
I am in long...Target or stoploss.ملاحظة
I am changing my SL to, swing low...no momentum ملاحظة
price is still in a range.أغلقت الصفقة: تم الوصول للهدف
Target1 done....not giving much due to volatality and decay...ملاحظة
Changing my Sl to 45900., reducing risk to small.ملاحظة
buyers are eliminated by each move...تم إغلاق الصفقة يدويًا
I exited from the trade....not moving much.أغلقت الصفقة: تم الوصول للهدف
Before selling pressure comes...its better to to exit.ملاحظة
In that demand...Bulls may be windup thier positions or initiate thier positions don't know.wait before sell.ملاحظة
look for sell only when..price falls below...channel and retested..until no short.
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Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
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