已更新

BANKNIFTY--Will Right shoulder formed to fill Bullish Gap??

Observations::
previous resistance zone @45300-45350,is again an hurdle to move the price upside,
the demand zone @45450 again resisting the price to go up.
we don't get any sell opportunity today...price wont breaks the 45000 level.
now price is near to its trendline in smaller time frames..
if that breaks and retest will enter on short side by keeping the stop loss above 45300-45350 zone, for targets of bullish gap left below.
Previous strong buy ness from 45000 level becomes weak, price is slowly moving to test the demand acts as supply one more time.
will see tomorrow if price breaks the trendline, and gives retest will enter on short side..

註釋

the demand zone @45200 has to fail...and retest.

註釋

broken the trendline...waiting for entry..

註釋

Exit few quantity....remaining until gap finished...

註釋

reason is we are in hidden demand zone.

註釋

price starts consolidation....more advantage..

註釋

If they want to eliminate sell side liquidity....they will do this..

註釋

still momentum is not over....

註釋

price is ranging...

註釋

Still in the range...

註釋

now again price is our POI for short....wait for confirmation

註釋

price broken our POI area strongly...failed to move upside...

註釋

Finally Head and shoulders pattern Done...

IIT-Trader

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