IIT-Trader

BANKNIFTY--Trendline Breaks ??

IIT-Trader Actualizado   
NSE:BANKNIFTY   Nifty Bank Index
Price opens gap up above the trendline, and failed to take the help of trendline.
sellers are aggressively taken the price towards demand zone.

Reached our targets on bottom side up to demand zone.
now interesting point is,
price exactly closed at the previous supply zone, where previously a strong sell off is observed.
If price wants to go downside, this is the place to take it downside...as already discussed earlier.

we will go for buying only if trendline acts as support, we will initiate a long entry...
if demand breaks and gives us pullback will enter on short side, with small stop loss.

In smaller time frame, price broken the trendline and closed below it.
will see what happens tomorrow in live.
Comentarios:
Price exactly opnes in supply zone...Don't go for short...It may goes up...
voilation of trendline...will look for buying...
Comentarios:
will go for long again if breaks above.
Comentarios:
Comentarios:
Safe traders take the entry, break and retest....Double confirmation.
Comentarios:
If anybody wants to exit...exit if trendline breaks. safe one's
Comentarios:
Reason for keep in the trade is broken trendline...
Comentarios:
will see what happens.
Comentarios:
Keep an eye on this zone 45925...yesterday strong sell off happens.
Comentarios:
Safe one's exit from long....this zone pushes the price down...
Comentarios:
I am in long...Target or stoploss.
Comentarios:
I am changing my SL to, swing low...no momentum
Comentarios:
price is still in a range.
Operación cerrada: objetivo alcanzado:
Target1 done....not giving much due to volatality and decay...
Comentarios:
Changing my Sl to 45900., reducing risk to small.
Comentarios:
buyers are eliminated by each move...
Operación cerrada manualmente:
I exited from the trade....not moving much.
Operación cerrada: objetivo alcanzado:
Before selling pressure comes...its better to to exit.
Comentarios:
In that demand...Bulls may be windup thier positions or initiate thier positions don't know.wait before sell.
Comentarios:
look for sell only when..price falls below...channel and retested..until no short.

**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.