BANKNIFTY--Trendline or Bearish Gap??

10 сент. 2023 г.

After successfully breaking the trendline, the price exhibited a robust upward momentum, breaching the formidable resistance level at 45,100.
However, there's a notable bearish gap left at 45,650 levels on the upper side. Conversely, there exists a trendline on the lower side that could potentially propel the price upward again.
In this scenario, the trading strategy to consider is as follows: If the price retraces to these zones, it may present a buying opportunity at the trendline, with a potential plan to explore short positions near the bearish gap.
It's worth noting that, before attempting to close the bearish gap, the price might offer a retest of the trendline, providing traders with an opportunity to enter long again from this place.

Note::
A consolidation is going to observe while reaching the trendline, we have strong resistances below, buyers are attempting to take the price to higher levels from this places, but be safe at any place they can take the price again. Keep exit positions while testing these resistances.
Will see what happens in the next sessions.

11 сент. 2023 г.

Заметка

Don't go long...

11 сент. 2023 г.

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if price breaks the trendline...will look for short.

11 сент. 2023 г.

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enter long... on break upside to bearishgap.

11 сент. 2023 г.

Сделка активна

11 сент. 2023 г.

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Change you stop loss to above low and keep on buyside.

11 сент. 2023 г.

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If stop loss hits, Bullish gap be finished.keep safe.

11 сент. 2023 г.

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Safe ones change your stop loss to entry....

11 сент. 2023 г.

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Book 50%

11 сент. 2023 г.

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Rest exit at target or entry point.

11 сент. 2023 г.

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Keep trail

11 сент. 2023 г.

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If any body wants to exit...exit now, before the selling pressure comes.

11 сент. 2023 г.

Сделка закрыта: достигнута тейк-профит цена

11 сент. 2023 г.

Сделка закрыта вручную

will see in the next session what happens.