BANKNIFTY--Gap Up or Down ??

Updated

After a strong consolidation price moved strongly to the upside...
an indication of short entry....
Identify that the neckline again acts as a strong resistance and not allowing us to go upside...
price taken the entry on short side.....
price again closing in the same range...After a strong consolidation.
Initially price showing bullish pressure but failed to take the price again upside.
again a strong consolidation to rise upside....
indicating a short side....
If tomorrow opens gap up or gap down...
we will wait for the price to retrace back, will also be continue with the trend.
If price opens gap up and continue its momentum towards 45400 levels, we will expect a retracement to neckline...

will see what happens in the next session.

Trade closed: target reached

Done few

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remaining to target 3

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keep your next target to 44650 levels.

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Keep safe no fresh short...it will eliminate again...

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consider this as a pullback and enter 2nd trade.

Trade active

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Trade closed: target reached

target 1 of daylow done.

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now change your to entry point. or just above the zone.

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stoploss

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safe ones exit.

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ALL these trades are yesterday's ....

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safe ones exit better again volatality increases.

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drop base drop is going to observe...keep in the trade.

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Don't initiate any fresh trades...short you might be in risk

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safe ones close almost 80% of short...

Trade closed manually

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I exited all my shorts...

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An elimination move will come...safe ones exit short.

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risk one enter long with me.

Trade active

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Keep safe.

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safe ones keep your stoploss to below trendline..

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safe ones exit

Trade closed: target reached

Long side target 1 done.

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After target 2.... I will give one more trade...keep track

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safe one's exit..it may hit or fall happens.

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Don't go for short side...immediately.

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enter long again..on break target and SL as shown.

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Keep change your Sl little upside.

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safe ones exit at 1: 1

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move your SL to entry.

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this is an elimination move...before going up.

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some times the red circle zone, will push down wards...keep look at the place.

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safe ones exit before the selling pressure comes.

Trade closed: target reached

Target 1 done.

Trade closed: target reached

Target 2 also done....

Note

Done for the day...no more trades...
will see in the next session.

IIT-Trader

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