BANKNIFTY--Continuation or Reversal ??
Обновлено
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.
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.
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no sign of bearishness...will see what happens at R1Заметка
when ever market continuously moving...it will give us retracement to 50-60 zone of fibonacci...will see will get our entry.Заметка
No entry.....Ignoring long...Заметка
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wait for the price to break below pivot point and gives us retracement to sell.Заметка
until no short...Заметка
It may forms head and shoulders pattern....pls wait.Заметка
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.
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with small risk....we can place our entry... No entry...pls wait .. strict SL Заметка
those who want safe traders....pls wait.....do this.Заметка
when again breaking the pivot you can take entry...this is the place the buyers try to make an up move...be cautious.Заметка
pushing up pushing up.....Заметка
price is near to our entry...price has taken the support from Previous HH.
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wait for the price to break the trendline...Заметка
In continuous down move...no entry for us...now will see it gives or not.
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broken stronglyСделка активна
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created one more channelЗаметка
days open is pushing up...Заметка
safe ones pls exit....Сделка закрыта: достигнута тейк-профит цена
target 1 doneЗаметка
move your stop loss to entry and enjoy the fallЗаметка
If day low cannot be break...will again move upside...to eliminate all sellers.Заметка
price is again near the trendline...will again push down..
move your sl to entry...
Сделка закрыта вручную
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Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
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