BANKNIFTY--Drop Base Drop ??
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Price broken the trendline and retested, we will enter in short side...Our target gets hit.
price again on the other side broken the trendline and we enter in long side.. our stop loss hits.
now price is near to the major trendline break...
in bigger time frame price broken bullish channel...
and in smaller time frames...it is again in channel...
so tomorrow if price again reversed from the major trendline, looks for buyside...
Price is without touching the resistance showing bearishness, to trap the early sellers.
now we have to observe price will again bullish from drop base drop...
so will see what happens in the next session.
price again on the other side broken the trendline and we enter in long side.. our stop loss hits.
now price is near to the major trendline break...
in bigger time frame price broken bullish channel...
and in smaller time frames...it is again in channel...
so tomorrow if price again reversed from the major trendline, looks for buyside...
Price is without touching the resistance showing bearishness, to trap the early sellers.
now we have to observe price will again bullish from drop base drop...
so will see what happens in the next session.
Not
Drop base drop is observed...if falls from this level.Not
If major trendline failed to acts as support again...looking for sell.Not
If price continue to upside...on break of channel and retest..enters in long side.Not
Will see tomorrow what happens.Not
Be aware now.....price completed the drop base drop...by opening gap down...
Not
Don't go for short side.....keep in the long side...
we are going to look for long entry.
Not
A gap down indication means...look for long side...Not
wait for the right oppurtunity...Not
Price consolidation to downside...Not
Price is moving down wards...we don't get any entry, to enter.If it is a continuous move we will get a good profit today, in a drop base drop.
Let's find an opportunity again...if i will get any entry, i will update.
Thanks guys for your support.
Not
It's Buyers timeNot
they wants to take the liquidity.Not
Price is near the support...don't go long...will see if gives us entry or not.
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