BANKNIFTY--Trending or Range ??

١٠ أغسطس ٢٠٢٣

the Banknifty index is still in range...
Price is continuously rejecting from the level @45100...
today after a strong fall price stopped its bearish momentum...and
price closed in the same range again...

If tomorrow price breaks the 44700 level...will be on buy side up to trendline and 45100.
If price wants to breaks this strong bullish momentum it has to break with either gap down or consolidation to bearish.
Until price breaks this level 44300 level keep on bullish...

On upside we are still pending with the retest of major trendline...

Keep track this trendline...if resist the price to go up will get good point.

will see in the next session what happens...

١١ أغسطس ٢٠٢٣

ملاحظة

The end of bearishness ....but don't go long

١١ أغسطس ٢٠٢٣

ملاحظة

we don't have confirmation....as this is yesterday's continuation...

١١ أغسطس ٢٠٢٣

ملاحظة

wait until price breaks the trendline...before long.

١١ أغسطس ٢٠٢٣

ملاحظة

until don't go long....it may again continue its direction...be safe.

١١ أغسطس ٢٠٢٣

ملاحظة

Inverse Head and shoulder may comes...will see

١١ أغسطس ٢٠٢٣

ملاحظة

don't go for short

١١ أغسطس ٢٠٢٣

ملاحظة

Enter long on break of this..

١١ أغسطس ٢٠٢٣

ملاحظة

safe ones avoid...It is a risk one.

١١ أغسطس ٢٠٢٣

ملاحظة

If any one wants to change thier stoploss change it to below neckline...

١١ أغسطس ٢٠٢٣

ملاحظة

Its revolving around entry point....

١١ أغسطس ٢٠٢٣

ملاحظة

Its being risky...take care of good ones.

١١ أغسطس ٢٠٢٣

أغلقت الصفقة: تم الوصول لوقف الخسارة

١١ أغسطس ٢٠٢٣

ملاحظة

Hitting the retail traders stoploss and moving back....

١١ أغسطس ٢٠٢٣

ملاحظة

I am entering long again.

١١ أغسطس ٢٠٢٣

ملاحظة

there is a chance that same level again push it down...keep safe.

١١ أغسطس ٢٠٢٣

ملاحظة

No more trades for today....as it is very volatile....leave for the day.

١١ أغسطس ٢٠٢٣

ملاحظة

price is at important level..