BANKNIFTY--Drop Base Drop ??

2023年8月1日

Price broken the trendline and retested, we will enter in short side...Our target gets hit.
price again on the other side broken the trendline and we enter in long side.. our stop loss hits.

now price is near to the major trendline break...
in bigger time frame price broken bullish channel...
and in smaller time frames...it is again in channel...
so tomorrow if price again reversed from the major trendline, looks for buyside...

Price is without touching the resistance showing bearishness, to trap the early sellers.
now we have to observe price will again bullish from drop base drop...

so will see what happens in the next session.

2023年8月1日

註釋

Drop base drop is observed...if falls from this level.

2023年8月1日

註釋

If major trendline failed to acts as support again...looking for sell.

2023年8月1日

註釋

If price continue to upside...on break of channel and retest..enters in long side.

2023年8月1日

註釋

Will see tomorrow what happens.

2023年8月2日

註釋

Be aware now.....
price completed the drop base drop...by opening gap down...

2023年8月2日

註釋

Don't go for short side.....
keep in the long side...
we are going to look for long entry.

2023年8月2日

註釋

A gap down indication means...look for long side...

2023年8月2日

註釋

wait for the right oppurtunity...

2023年8月2日

註釋

Price consolidation to downside...

2023年8月2日

註釋

Price is moving down wards...we don't get any entry, to enter.
If it is a continuous move we will get a good profit today, in a drop base drop.
Let's find an opportunity again...if i will get any entry, i will update.
Thanks guys for your support.

2023年8月2日

註釋

It's Buyers time

2023年8月2日

註釋

they wants to take the liquidity.

2023年8月2日

註釋

Price is near the support...don't go long...will see if gives us entry or not.