BANKNIFTY--Trending Up or Down ??

7 Ogo 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 Ogo 2023

Nota

don't forget the right shoulder and Neckline.

8 Ogo 2023

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

8 Ogo 2023

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wicks showing us bullish pressure....

8 Ogo 2023

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Don't go long...its manipulating.

8 Ogo 2023

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wait for break and retest...

8 Ogo 2023

Nota

just broken.

8 Ogo 2023

Nota

8 Ogo 2023

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

8 Ogo 2023

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Strong reds are approching the zone ignore long.

8 Ogo 2023

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this helps a lot....i think.

8 Ogo 2023

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

8 Ogo 2023

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

8 Ogo 2023

Nota

8 Ogo 2023

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now price is at my POI for sell.need cinfirmation

8 Ogo 2023

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

8 Ogo 2023

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

8 Ogo 2023

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



strong bullishness failed to take the price up.

8 Ogo 2023

Nota

so waiting for short....

8 Ogo 2023

Nota

8 Ogo 2023

Nota

failed to break below.

8 Ogo 2023

Dagangan ditutup secara manual

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