Interesting twists, who is taking action and why?There is lot of twists herein:
By the looking left to right , while breaking out the price Congestion we have seen Invalid breakout in price. That why price suddenly fall.
Bullish forget of 3 candles was completely perfec t but, again we have seen valid heavy volume candle ...! Something is cooking in this stock.
Let look more closer to the 4hrs chart.
Very interesting:-
Who is selling?
Why selling?
Insider created fake break-up?
Investors will wait for new New low...!
War begin s between buyers and sellers:
Support has been already taken and price tries to move toward the control price.
Price-action-trading
BANKNIFTY Price Action Trading Method
As per the analysis, market in a neutral zone TOWARDS BEARISH SENTIMENT .
This SUPPORT & RESISTANCE works live and expect a reverse from RESISTANCE ZONE .
Probability :-1
For 13th Friday , there will be a Shorting Opportunity from the Resistance.
SELL AT HIGH , BUY AT DIPS.
BANKNIFTY Price Action Trading MethodAs per the analysis, market in a neutral zone, heading towards bearish sentiment
This SUPPORT & RESISTANCE works live and expect a bounce back to that levels.
PROBABILITY :-1
For 10th Tuesday, there will be a Shorting Opportunity if market open and close BELOW 9th Monday Close.
Take ABOVE LEVELS AS RESISTANCE.
PROBABILITY :-2
For 10th Tuesday , there will be a Buying Opportunity if market open and close ABOVE 9th Monday Close.
TAKE BELOW LEVELS AS SUPPORT.
SELL AT HIGH , BUY AT DIPS.
