BANKNIFTY--Trending Up or Down ??

7 Ağu 2023

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 Ağu 2023

Not

don't forget the right shoulder and Neckline.

8 Ağu 2023

Not

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

8 Ağu 2023

Not

wicks showing us bullish pressure....

8 Ağu 2023

Not

Don't go long...its manipulating.

8 Ağu 2023

Not

wait for break and retest...

8 Ağu 2023

Not

just broken.

8 Ağu 2023

Not

8 Ağu 2023

Not

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

8 Ağu 2023

Not

Strong reds are approching the zone ignore long.

8 Ağu 2023

Not

this helps a lot....i think.

8 Ağu 2023

Not

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

8 Ağu 2023

Not

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

8 Ağu 2023

Not

8 Ağu 2023

Not

now price is at my POI for sell.need cinfirmation

8 Ağu 2023

Not

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

8 Ağu 2023

Not

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

8 Ağu 2023

Not

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



strong bullishness failed to take the price up.

8 Ağu 2023

Not

so waiting for short....

8 Ağu 2023

Not

8 Ağu 2023

Not

failed to break below.

8 Ağu 2023

İşlem elle kapatılmış

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