BANKNIFTY--Retracement or Fall ??

Jul 28, 2023

Price broken the strong demand zone by opening gapdown,
and starts consolidation immediately...at the end it tested the demand again.
price exactly closed by testing the demand zone, if price wants to fall continuously, tomorrow again it opens down and fall to below levels.
if price wants to give some retracement, it will again test the previous ATH level...
where previously strong fall happens....


If tomorrow price opens below levels, will look for long in this place...
previously multiple times price got rejected from this level.
may acts as support....keep track this levels....

Today we will not get any entries on any side...it is in consolidation range, till the end.
will see in the next session what happens.

Jul 31, 2023

Note

Price opened gap up....dont be on short side...keep looking for long entry...

Jul 31, 2023

Note

If price eliminates all the buyers once again...then it will go up ...price will give us retracement.

Jul 31, 2023

Note

Enter long...if price again breaks.

Jul 31, 2023

Note

price breaks and retest also...enter in long trade.

Jul 31, 2023

Trade active

Jul 31, 2023

Note

Jul 31, 2023

Note

risk ones change stoploss to entry point...

Jul 31, 2023

Trade closed: target reached

Target 1 done

Jul 31, 2023

Note

keep in long....don't exit.

Jul 31, 2023

Note

safe ones exit....

Jul 31, 2023

Trade closed: target reached

2nd target done

Jul 31, 2023

Note

price is at trendline

Jul 31, 2023

Trade closed manually

Jul 31, 2023

Note

Will see what happens in the next session.