BANKNIFTY--Trending Up or Down ??

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.

Комментарий:

don't forget the right shoulder and Neckline.

Комментарий:

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

Комментарий:

wicks showing us bullish pressure....

Комментарий:

Don't go long...its manipulating.

Комментарий:

wait for break and retest...

Комментарий:

just broken.

Комментарий:

Комментарий:

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

Комментарий:

Strong reds are approching the zone ignore long.

Комментарий:

this helps a lot....i think.

Комментарий:

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

Комментарий:

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

Комментарий:

Комментарий:

now price is at my POI for sell.need cinfirmation

Комментарий:

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

Комментарий:

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

Комментарий:

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

strong bullishness failed to take the price up.

Комментарий:

so waiting for short....

Комментарий:

Комментарий:

failed to break below.

Сделка закрыта вручную:

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