A strong bullishness is observed from the 42700 levels...
In today's session we observed that buyers are strong, they can't allow the sellers to take the price down...
at the end of the session short positions might be closed...
As long as price is above the 42680 level.. keep in long side...
A flag and pole is going to observe in BANKNIFTY indicating an target of 43600 levels, which is previously a strong a demand area...
Keep safe before going to short side...
In today's session we observed that buyers are strong, they can't allow the sellers to take the price down...
at the end of the session short positions might be closed...
As long as price is above the 42680 level.. keep in long side...
A flag and pole is going to observe in BANKNIFTY indicating an target of 43600 levels, which is previously a strong a demand area...
Keep safe before going to short side...
Note
Consolidation is observed at 43000-43200 levels...Note
Exactly opens at the given level....wait before long or short side...Note
wait before enter into long....Note
If no continuation break down...enter long...on break and retracement..Note
Exit from long if price breaks 42720 levelNote
If price breaks 42650-640 zone and retrace then short for target of 42530 and 42500 levels.Note
Note
Go long if again price reach top and takes the support of 42720 level...target of 42880.Note
Broken down wait for retraceNote
Keep in short side until it breaks 42680 level upside.Note
No continuation move is observed...it is in fully consolidation mode...Note
Enter short on breakTrade active
Trade closed manually
No candle is closing above that level...Note
Will see tomorrow
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**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
" i am a IT-Trader "
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
" i am a IT-Trader "
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.