BANKNIFTY--Trending Up or Down ??

7 авг. 2023 г.

The bank nifty index, entire day price is trading in a range.
Tomorrow we can expect a breakout or breakdown.....
On top side if price breaks the 45100 level and gives us retest will go for long.
on bottom side if price breaks 44600 and retest will go for short side...
at triangle breakdown or breakout no entry will be placed...
fake out may be possible after a consolidation.
One more point after a strong consolidation price is going down means we can expect a strong upside momentum.
careful here.
Today price has taken the liquidity on both sides...eliminating both buyers and sellers.

7 авг. 2023 г.

Заметка

don't forget the right shoulder and Neckline.

8 авг. 2023 г.

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price is still in range. wait for up or down.

8 авг. 2023 г.

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wicks showing us bullish pressure....

8 авг. 2023 г.

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Don't go long...its manipulating.

8 авг. 2023 г.

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wait for break and retest...

8 авг. 2023 г.

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just broken.

8 авг. 2023 г.

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8 авг. 2023 г.

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If it is a continuous bullish, will enter on long ,if gives retracement.

8 авг. 2023 г.

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Strong reds are approching the zone ignore long.

8 авг. 2023 г.

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this helps a lot....i think.

8 авг. 2023 г.

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if this trendline acts as support and again breaks high Enter long.

8 авг. 2023 г.

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If this again rejects i will go for short entry....keep look at this level.

8 авг. 2023 г.

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8 авг. 2023 г.

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now price is at my POI for sell.need cinfirmation

8 авг. 2023 г.

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this time if it is bearish our entry will be triggered.

8 авг. 2023 г.

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I am taking the entry to little upside...on break of this low my short triggered.

8 авг. 2023 г.

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Consolidation + price moves upside.... confirmation of sell side...
looking for reversal setup....near its trendline



strong bullishness failed to take the price up.

8 авг. 2023 г.

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so waiting for short....

8 авг. 2023 г.

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8 авг. 2023 г.

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failed to break below.

8 авг. 2023 г.

Сделка закрыта вручную

Our stoploss won't hit....targets won't hit....
will see in next session.