BANKNIFTY--Expiry Bullish or Bearish??

19 ก.ค. 2023

After a strong move to the upside sellers pushed the price immediately downwards with strong bearish pressure..
today again sellers tried to move the price downwards and failed..
buyers taken the price again upside...

one more interesting point is price is exactly closed Previous ATH level.
from this level previously a strong selloff is observed...
if sellers want to take the price down...this is the place they will try to push it down.
so if tomorrow again price opens here...they definitely push down again.
We may observe a gap down as well...if its a bearish sign.


After a strong push to downwards, sellers failed again to take it downside.., means a sign of weakness in bearishness leads to bullish again...
If tomorrow again price push downwards from New ATH, the area of value again push the price up...
if old ATH is also push the price downside...we observe a trending bearish expiry.


if price rejects from New ATH, and old ATH gives us support price is a bullish again.. and expiry is bullish.


All this is pre and post market analysis..live market is entirely different from this.
so will see what happens in live market.

20 ก.ค. 2023

บันทึก

price is at Resistance....wait for the breakout or breakdown

20 ก.ค. 2023

บันทึก

20 ก.ค. 2023

บันทึก

price is now at Previous ATH...lets wait it will give support or breaks.

20 ก.ค. 2023

บันทึก

Don't go for immediate buy side...it may test Resistance again and comes back...
or it may test bottom demand and moves again up to ATH

20 ก.ค. 2023

บันทึก

if we see volume on these candle at Previous ATH its low.....

20 ก.ค. 2023

บันทึก

careful guys...its now in complete range...

20 ก.ค. 2023

บันทึก

Keep in long side....no sign of bearishness

20 ก.ค. 2023

บันทึก

don't initiate an fresh longs....All longs may be exited here....keep safe..

20 ก.ค. 2023

ปิดการเทรด: ถึงเป้าหมายการทำกำไร

20 ก.ค. 2023

บันทึก

Now this is the time to look for Sell side oppurtunity.

20 ก.ค. 2023

บันทึก

will look for sell side...until price breaks trendline and tested the demand...not able to go upside ...rejection from trendline or Old ATH....then only..sell side.

20 ก.ค. 2023

บันทึก

20 ก.ค. 2023

บันทึก

Pivot points helped today...

20 ก.ค. 2023

บันทึก

Fibo target is also...near will see

20 ก.ค. 2023

บันทึก

Good Move up to Target4

21 ก.ค. 2023

บันทึก