BANKNIFTY--Gap Up or Down ??

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After a strong consolidation price moved strongly to the upside...
an indication of short entry....
Identify that the neckline again acts as a strong resistance and not allowing us to go upside...
price taken the entry on short side.....
price again closing in the same range...After a strong consolidation.
Initially price showing bullish pressure but failed to take the price again upside.
again a strong consolidation to rise upside....
indicating a short side....
If tomorrow opens gap up or gap down...
we will wait for the price to retrace back, will also be continue with the trend.
If price opens gap up and continue its momentum towards 45400 levels, we will expect a retracement to neckline...

will see what happens in the next session.
Dagangan ditutup: sasaran tercapai
Done few
syot kilat
Nota
remaining to target 3
Nota
keep your next target to 44650 levels.
Nota
Keep safe no fresh short...it will eliminate again...
Nota
consider this as a pullback and enter 2nd trade.
syot kilat
Dagangan aktif
Nota
syot kilat
Dagangan ditutup: sasaran tercapai
target 1 of daylow done.
syot kilat
Nota
now change your to entry point. or just above the zone.
Nota
stoploss
Nota
safe ones exit.
Nota
ALL these trades are yesterday's ....
Nota
safe ones exit better again volatality increases.
Nota
drop base drop is going to observe...keep in the trade.
syot kilat
Nota
Don't initiate any fresh trades...short you might be in risk
Nota
safe ones close almost 80% of short...
syot kilat
Dagangan ditutup secara manual
syot kilat
Nota
I exited all my shorts...
Nota
An elimination move will come...safe ones exit short.
Nota
risk one enter long with me.
syot kilat
Dagangan aktif
Nota
Keep safe.
syot kilat
Nota
safe ones keep your stoploss to below trendline..
Nota
safe ones exit
syot kilat
Dagangan ditutup: sasaran tercapai
Long side target 1 done.
syot kilat
Nota
After target 2.... I will give one more trade...keep track
Nota
safe one's exit..it may hit or fall happens.
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Don't go for short side...immediately.
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enter long again..on break target and SL as shown.
syot kilat
Nota
Keep change your Sl little upside.
syot kilat
Nota
safe ones exit at 1: 1
Nota
move your SL to entry.
Nota
this is an elimination move...before going up.
Nota
some times the red circle zone, will push down wards...keep look at the place.
syot kilat
Nota
safe ones exit before the selling pressure comes.
Dagangan ditutup: sasaran tercapai
Target 1 done.
syot kilat
Dagangan ditutup: sasaran tercapai
Target 2 also done....
syot kilat
Nota
Done for the day...no more trades...
will see in the next session.
BANKNIFTYbankniftyanalysisbankniftylevelsbankniftyoptionsbankniftytradesetupbankniftytradingbankniftytrendbankniftyviewBeyond Technical AnalysisSupport and ResistanceTrend Analysis

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