BANKNIFTY--Continuation or Reversal ??

٢٠ يوليو ٢٠٢٣

Observations::
Today price broken the ATH again and showed a strong bullishness towards 46000....
Above ATH, we are going to mark the levels by using pivot point standard.
today it performed well above ATH.

So, on that basis i am giving the levels for tomorrow,
if we see on monthly pivots price broken the Resistance level R2 strongly.
price facing the resistance multiple times,and broken this level.
in monthly the next resistance is located at 46650 level.


Coming to weekly analysis, price broken the Resistance R4,at 46100 level....
and the next resistance is located at 46400 level.


Before continuation will it gives a pullback..or continue to move upwards.
on bottom side, a zone is formed combination of monthly resistance and weekly support.
if price again comes to this level, I am again looking for buyside...
if no chance will be on sell side to bottom levels.

All these are the pre and post market analysis, live market is entirely different. Will see what happens in live market.

٢١ يوليو ٢٠٢٣

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٢١ يوليو ٢٠٢٣

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no sign of bearishness...will see what happens at R1

٢١ يوليو ٢٠٢٣

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when ever market continuously moving...it will give us retracement to 50-60 zone of fibonacci...will see will get our entry.

٢١ يوليو ٢٠٢٣

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No entry.....Ignoring long...

٢١ يوليو ٢٠٢٣

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٢١ يوليو ٢٠٢٣

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wait for the price to break below pivot point and gives us retracement to sell.

٢١ يوليو ٢٠٢٣

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until no short...

٢١ يوليو ٢٠٢٣

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It may forms head and shoulders pattern....pls wait.

٢١ يوليو ٢٠٢٣

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now it is moving as per the set up....i am waiting for confirmation...
on bottom side we have Strong HH, that will push too hard....so keep wait.

٢١ يوليو ٢٠٢٣

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with small risk....we can place our entry... No entry...pls wait .. strict SL

٢١ يوليو ٢٠٢٣

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those who want safe traders....pls wait.....do this.

٢١ يوليو ٢٠٢٣

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when again breaking the pivot you can take entry...this is the place the buyers try to make an up move...be cautious.

٢١ يوليو ٢٠٢٣

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pushing up pushing up.....

٢١ يوليو ٢٠٢٣

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price is near to our entry...
price has taken the support from Previous HH.

٢١ يوليو ٢٠٢٣

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wait for the price to break the trendline...

٢١ يوليو ٢٠٢٣

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In continuous down move...no entry for us...
now will see it gives or not.

٢١ يوليو ٢٠٢٣

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broken strongly

٢١ يوليو ٢٠٢٣

تم فتح الصفقة

٢١ يوليو ٢٠٢٣

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٢١ يوليو ٢٠٢٣

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٢١ يوليو ٢٠٢٣

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created one more channel

٢١ يوليو ٢٠٢٣

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days open is pushing up...

٢١ يوليو ٢٠٢٣

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safe ones pls exit....

٢١ يوليو ٢٠٢٣

أغلقت الصفقة: تم الوصول للهدف

target 1 done

٢١ يوليو ٢٠٢٣

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move your stop loss to entry and enjoy the fall

٢١ يوليو ٢٠٢٣

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If day low cannot be break...will again move upside...to eliminate all sellers.

٢١ يوليو ٢٠٢٣

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price is again near the trendline...
will again push down..
move your sl to entry...

٢١ يوليو ٢٠٢٣

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