BANKNIFTY--Gap Up or Gap Down??
Updated
Price is rejected from the trendline again and closed exactly at the trendline...
Price is given us discount @44250 level.
if tomorrow breaks this trendline, it will not test this trendline immediately...
It will reach any one of the resistance and then come back...
If opens downside...we will wait for an up move or downside continuation...
If a gapdown occurs sellers may exit or continue to take it down...we have to wait and see what happens.
If they want to break it...price will open above and continue to move upwards..and then back to the trendline from the above resistances.
will see it in the next session.
Price is given us discount @44250 level.
if tomorrow breaks this trendline, it will not test this trendline immediately...
It will reach any one of the resistance and then come back...
If opens downside...we will wait for an up move or downside continuation...
If a gapdown occurs sellers may exit or continue to take it down...we have to wait and see what happens.
If they want to break it...price will open above and continue to move upwards..and then back to the trendline from the above resistances.
will see it in the next session.
Note
Note
wait for long opportunity.Note
Enter long on break to the upside.Note
If stoploss hits...price will reach 44100 levels...soon.Trade closed: target reached
Exit few...Trade closed: target reached
Note
Don't go for short side...immediately.Note
Wait for the price to reversal back...break on trendline and retest...Note
It will make head and shoulders then...Note
Be careful guys.....Note
End of bullishness
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