BANKNIFTY--Which Breaks Demand or ATH ??

27 Tem 2023

Today's observations::
Price rapidly falls from the 46300 levels.
Price may again test the ATH, so don't go for short immediately.
based on the opening will again look for buy or short.

Key level to watch is previous ATH, that is the level that can push price up or lower.
On bottom side,
Price is again taken the support from demand zone...until demand breaks no Short again...
fake breakdown may also happen at demand zone careful here...
this is a strong area of value and demand zone.. that can't break easily....
will see what happens in the next session.

28 Tem 2023

Not

price opened near demand, don't go on any side...

28 Tem 2023

Not

price broken the demand...we don't know, it acts as resistance or it acts as support again....pls wait for more confirmation.

28 Tem 2023

Not

wait it will come back to the zone again...don't initiate a short or long.

28 Tem 2023

Not

moving in a channel...wait for breakout or break down and retracement.

28 Tem 2023

Not

28 Tem 2023

Not

don't go short...wait for the right time...

28 Tem 2023

Not

If price cannot able to break upside...if breaks the bottom side...look for sell on retracement.

28 Tem 2023

Not

price is completely in a range bound ...we won't get any entries...
keep safe in this kind of market...

28 Tem 2023

Not

price is below strong demand...so don't long...keep on short side...
bottom demand is weak..it can break easily...so wait for break and retest.

28 Tem 2023

Not

28 Tem 2023

Not

Becareful gyus

28 Tem 2023

Not

I will enter long if price breaks this .Keeping the SL below. Risky , will see.

28 Tem 2023

Not

price still not breaks the bottom demand..if breaks and retest..enters in short.