Insights(13Mar24):Supper Bullish Bias, small gap up or @ Close G

BANKNIFTY Supper Bullish Bias, small gap up or at yesterdays close. Green day.

Open: small gap up or at yesterdays close. Supper Bullish Bias. Should retest yesterdays Close, if broken should go further to retest low as highlighted. Should end in Green. Could be in yesterdays range as highlighted. Should retest yesterdays High if broken could see further high.

(Inner voice): Hmm... back again without any data points. What's your analysis ?
(Me): Its just a probability... 1. Based on my historical data analysis I see a Supper Bullish today.


(Inner voice): Can't trust your RenkoIndicator, it repaints and sometimes the signal just vanishes into thin air. hahaha...What if it just turns out to be a huge gap down and very Bearish?
(Me): Always look at the pre-market and take the final call. Also have strict SL.

(Inner voice):Hmm... lets say you are right this time... how do someone take an entry, exit and SL ?
(Me): What i do based on the pre market if it aligns with me I enter a buy with say 1 lot on open and may add additional lot if it tests and rejects previous close or open in this case. SL will be previous days Low and take profit 1 will be next resistance point as highlighted and so on.

(Inner voice): What if SL is too huge... and it turns against you ?
(Me): It depends and adjust based on if probability is high and have a strong conviction.

(Inner voice): Hmm...How do I trust you ?
(Me): Don't trust anyone blindly...Do your own research before jumping in... You are responsible for your trades and loss or profit. This is only my journal I am maintaining for my studies, research and educational purpose.

Follow strict stop loss.
Do your own research before investing or trading in any stock or indices or crypto.
Disclaimer:
I am not SEBI registered. This is not a financial, investment or trade advice. You are responsible for your trades. Its only for educational purpose.

Trade closed: stop reached:

SL hit.
(Inner voice): See I told you...how did you decide its going to be Super Bullish ?