The bank nifty index, entire day price is trading in a range.
Tomorrow we can expect a breakout or breakdown.....
On top side if price breaks the 45100 level and gives us retest will go for long.
on bottom side if price breaks 44600 and retest will go for short side...
at triangle breakdown or breakout no entry will be placed...
fake out may be possible after a consolidation.
One more point after a strong consolidation price is going down means we can expect a strong upside momentum.
careful here.
Today price has taken the liquidity on both sides...eliminating both buyers and sellers.
Tomorrow we can expect a breakout or breakdown.....
On top side if price breaks the 45100 level and gives us retest will go for long.
on bottom side if price breaks 44600 and retest will go for short side...
at triangle breakdown or breakout no entry will be placed...
fake out may be possible after a consolidation.
One more point after a strong consolidation price is going down means we can expect a strong upside momentum.
careful here.
Today price has taken the liquidity on both sides...eliminating both buyers and sellers.
Note
don't forget the right shoulder and Neckline.Note
price is still in range. wait for up or down.Note
wicks showing us bullish pressure....Note
Don't go long...its manipulating.Note
wait for break and retest...Note
just broken.Note
Note
If it is a continuous bullish, will enter on long ,if gives retracement.Note
Strong reds are approching the zone ignore long.Note
this helps a lot....i think.Note
if this trendline acts as support and again breaks high Enter long.Note
If this again rejects i will go for short entry....keep look at this level.Note
Note
now price is at my POI for sell.need cinfirmationNote
this time if it is bearish our entry will be triggered.Note
I am taking the entry to little upside...on break of this low my short triggered.Note
Consolidation + price moves upside.... confirmation of sell side...looking for reversal setup....near its trendline
strong bullishness failed to take the price up.
Note
so waiting for short....Note
Note
failed to break below.Trade closed manually
Our stoploss won't hit....targets won't hit....will see in next session.
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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.