BANKNIFTY--Trendline Breaks ??

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.

ความคิดเห็น:

Price exactly opnes in supply zone...Don't go for short...It may goes up...
voilation of trendline...will look for buying...

ความคิดเห็น:

will go for long again if breaks above.

ความคิดเห็น:

ความคิดเห็น:

Safe traders take the entry, break and retest....Double confirmation.

ความคิดเห็น:

If anybody wants to exit...exit if trendline breaks. safe one's

ความคิดเห็น:

Reason for keep in the trade is broken trendline...

ความคิดเห็น:

will see what happens.

ความคิดเห็น:

Keep an eye on this zone 45925...yesterday strong sell off happens.

ความคิดเห็น:

Safe one's exit from long....this zone pushes the price down...

ความคิดเห็น:

I am in long...Target or stoploss.

ความคิดเห็น:

I am changing my SL to, swing low...no momentum

ความคิดเห็น:

price is still in a range.

ปิดการเทรด: ถึงเป้าหมายการทำกำไร:

Target1 done....not giving much due to volatality and decay...

ความคิดเห็น:

Changing my Sl to 45900., reducing risk to small.

ความคิดเห็น:

buyers are eliminated by each move...

ปิดการเทรด ด้วยตนเอง:

I exited from the trade....not moving much.

ปิดการเทรด: ถึงเป้าหมายการทำกำไร:

Before selling pressure comes...its better to to exit.

ความคิดเห็น:

In that demand...Bulls may be windup thier positions or initiate thier positions don't know.wait before sell.

ความคิดเห็น:

look for sell only when..price falls below...channel and retested..until no short.