BANKNIFTY--Will ATH Breaks ??

BANKNIFTY::

A Flag and Pole pattern...is observed
---->>price is clearly broken the channel and showing us bullish momentum.

we will also enter in long, achieved all targets.

if this momentum is continues or any breakdown will happens again.
if breakdown happens at which level this can be possible...
if we see the chart the price is constantly rejected by this level @45000-45200 that's broken.
after finishing the gap on upside,
price will again test the ATH and falls or continues its momentum towards upside.
If price tested ATH, we need a strong support to be expected from this level...@45000-45200 level to go for long.
because multiple times it acts as a resistance, if resistance becomes support we will observe a bullish momentum above ATH.

But ATH is strong so if price failed to acts as support @45200,price falls below, a strong bearish momentum can be happens.

will see what happens Tomorrow.

Thank you guys for your support.

코멘트:

Price opened above previous ATH...do not initiate any fresh trades.

코멘트:

all longs may be exited....

코멘트:

Trading Above ATH is risky....will see what happens.price broken R1 retested if this break above will be on buyside...

코멘트:

no entry....price reversed...from R1.

코멘트:

can we enter short...

코멘트:

will see today pivot points will work After ATH ??

액티브 트레이드:

코멘트:

Risk involved ...safe traders pls avoid.

코멘트:

If pivot points work ....I no need to analyse my trades....by spending more time on chart...

코멘트:

After our entry point...price is exactly reversed...will see what happens...

코멘트:

can any one identified small blackline..
why price is exactly reversed from that line...
.i.e the previous ATH level....

코멘트:

Price rejection confirmed from R1... but on bottom side we have ATH...it has to help to push it more down...

코멘트:

the previous resistance is rejecting the price upwords...

코멘트:

If ATH again resist to go up more fall happens...careful guys...

코멘트:

Safe traders can exit here....risky ones up to the Pivot point.

코멘트:

this is a risky trade....on put side...
after a strong bullish momentum price is giving us pullback or retracement to enter long...wait for long side...

코멘트:

Price is now at very important zone....

매매 수동청산:

I am exiting few positions...i am waiting for long in this zone...
keeping puts Sl at New ATH.

코멘트:

two back to back zones....again take the price to upper levels....

코멘트:

we can enter long with small risk..

코멘트:

price is coming to our entry point...wait

코멘트:

liquidity is below our entry keep safe....
it will manipulate and moves....
2 back to back zones....

코멘트:

price is in tight consolidation.....breakout or breakdown happens.

액티브 트레이드:

long side....

코멘트:

I am with hedge.....mng put is still on...keep safe...

매매 수동청산:

no momentum....will see tomorrow what happens....