BANKNIFTY--Retracement or Fall ??

28 Jul 2023

Price broken the strong demand zone by opening gapdown,
and starts consolidation immediately...at the end it tested the demand again.
price exactly closed by testing the demand zone, if price wants to fall continuously, tomorrow again it opens down and fall to below levels.
if price wants to give some retracement, it will again test the previous ATH level...
where previously strong fall happens....


If tomorrow price opens below levels, will look for long in this place...
previously multiple times price got rejected from this level.
may acts as support....keep track this levels....

Today we will not get any entries on any side...it is in consolidation range, till the end.
will see in the next session what happens.

31 Jul 2023

Catatan

Price opened gap up....dont be on short side...keep looking for long entry...

31 Jul 2023

Catatan

If price eliminates all the buyers once again...then it will go up ...price will give us retracement.

31 Jul 2023

Catatan

Enter long...if price again breaks.

31 Jul 2023

Catatan

price breaks and retest also...enter in long trade.

31 Jul 2023

Trade aktif

31 Jul 2023

Catatan

31 Jul 2023

Catatan

risk ones change stoploss to entry point...

31 Jul 2023

Trading ditutup: target tercapai

Target 1 done

31 Jul 2023

Catatan

keep in long....don't exit.

31 Jul 2023

Catatan

safe ones exit....

31 Jul 2023

Trading ditutup: target tercapai

2nd target done

31 Jul 2023

Catatan

price is at trendline

31 Jul 2023

Trading ditutup secara manual

31 Jul 2023

Catatan

Will see what happens in the next session.