BANKNIFTY--Continuation or Reversal ??
Güncellendi
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.
Not
Not
no sign of bearishness...will see what happens at R1Not
when ever market continuously moving...it will give us retracement to 50-60 zone of fibonacci...will see will get our entry.Not
No entry.....Ignoring long...Not
Not
wait for the price to break below pivot point and gives us retracement to sell.Not
until no short...Not
It may forms head and shoulders pattern....pls wait.Not
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.
Not
with small risk....we can place our entry... No entry...pls wait .. strict SL Not
those who want safe traders....pls wait.....do this.Not
when again breaking the pivot you can take entry...this is the place the buyers try to make an up move...be cautious.Not
pushing up pushing up.....Not
price is near to our entry...price has taken the support from Previous HH.
Not
wait for the price to break the trendline...Not
In continuous down move...no entry for us...now will see it gives or not.
Not
broken stronglyİşlem aktif
Not
Not
Not
created one more channelNot
days open is pushing up...Not
safe ones pls exit....İşlem kapandı: hedefe ulaştı
target 1 doneNot
move your stop loss to entry and enjoy the fallNot
If day low cannot be break...will again move upside...to eliminate all sellers.Not
price is again near the trendline...will again push down..
move your sl to entry...
İşlem elle kapatılmış
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Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
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