BANKNIFTY--Trendline Holds or Breaks ??

Updated

After a strong fall now price is at trendline...
If this holds price is said to be bullish...
If breaks and retest will go for short...

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will see in the next session what happens...

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It gives us some retracement and falls back

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or it will continue to rise again..

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If this gives us retracement and breaks again will go for short side...

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Keep safe guys....it will eliminate us and again moves down side...Keep Sl

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this is the manipulation....Everyone eliminated here....buyers and sellers...
Keep safe...

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Drop base Drop

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keep book 50% remaining until Sl hits

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don't go long...until stoploss hits...

Trade closed: target reached

Target 1 done

Trade closed: target reached

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now change your stoploss

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exit from short side

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Keep in neutral mode....
price is at important support...
If consolidation at support price breaks the support ....other wise will take long entry...on retracement...

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wait until it will break either side..

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No bearish view...price at important support...if breaks today will take entry tomorrow...
don't go for short....

IIT-Trader

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