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.
Nota
Drop base drop is observed...if falls from this level.Nota
If major trendline failed to acts as support again...looking for sell.Nota
If price continue to upside...on break of channel and retest..enters in long side.Nota
Will see tomorrow what happens.Nota
Be aware now.....price completed the drop base drop...by opening gap down...
Nota
Don't go for short side.....keep in the long side...
we are going to look for long entry.
Nota
A gap down indication means...look for long side...Nota
wait for the right oppurtunity...Nota
Price consolidation to downside...Nota
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.
Nota
It's Buyers timeNota
they wants to take the liquidity.Nota
Price is near the support...don't go long...will see if gives us entry or not.
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