BANKNIFTY--Plan A or Plan B ??
Updated
Observations::
Today's Interesting point is price opens Gap down,
indicating that buyers are not interested to go beyond this level.
A strong bearish pressure is observed from the levels 46400.
price tested the HH, Previous HH, at 45900 levels, and price can't make a High again,
and a sign of strong bearishness is observed from 46200 levels..
we have a chance of Gap down on Monday,
and test the bottom side demand zone which is @45600 levels.
Plan A:
if price opens gap down and after testing the demand zone, price again breaks 46200 level,
if it wants to go up it has to take the help of previous ATH.
Because selling pressure from 46400 level, will again pushes the price down side and P.ATH is responsible for pushing the price upside.
Plan B::
After testing the demand zone, previous resistance acts,
again as resistance price falls again to bottom levels.
Now our key level is 45900-45800 is the only level, that can push the price up or down.
will see what happens on live market in the upcoming session.
Thank you for your support guys....Happy weekend.
Today's Interesting point is price opens Gap down,
indicating that buyers are not interested to go beyond this level.
A strong bearish pressure is observed from the levels 46400.
price tested the HH, Previous HH, at 45900 levels, and price can't make a High again,
and a sign of strong bearishness is observed from 46200 levels..
we have a chance of Gap down on Monday,
and test the bottom side demand zone which is @45600 levels.
Plan A:
if price opens gap down and after testing the demand zone, price again breaks 46200 level,
if it wants to go up it has to take the help of previous ATH.
Because selling pressure from 46400 level, will again pushes the price down side and P.ATH is responsible for pushing the price upside.
Plan B::
After testing the demand zone, previous resistance acts,
again as resistance price falls again to bottom levels.
Now our key level is 45900-45800 is the only level, that can push the price up or down.
will see what happens on live market in the upcoming session.
Thank you for your support guys....Happy weekend.
Note
Price opens flat...will see what happens...Note
don't go for long or short....wait for the confirmation...more selling pressure
Note
Previous HH,has to test....and failed.then only short side...Note
we need a strong breakdown here....Note
Note
Trade closed: target reached
target1 done.Note
safe ones can exit...it give some retracement.Note
If price can't break upside...will enter short....With small SL again...Note
Don't go for short....will see tomorrow...don't take any positions after 3Trade closed manually
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Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
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