BANKNIFTY--Expiry Bullish or Bearish??
Diupdate
After a strong move to the upside sellers pushed the price immediately downwards with strong bearish pressure..
today again sellers tried to move the price downwards and failed..
buyers taken the price again upside...
one more interesting point is price is exactly closed Previous ATH level.
from this level previously a strong selloff is observed...
if sellers want to take the price down...this is the place they will try to push it down.
so if tomorrow again price opens here...they definitely push down again.
We may observe a gap down as well...if its a bearish sign.
After a strong push to downwards, sellers failed again to take it downside.., means a sign of weakness in bearishness leads to bullish again...
If tomorrow again price push downwards from New ATH, the area of value again push the price up...
if old ATH is also push the price downside...we observe a trending bearish expiry.
if price rejects from New ATH, and old ATH gives us support price is a bullish again.. and expiry is bullish.
All this is pre and post market analysis..live market is entirely different from this.
so will see what happens in live market.
today again sellers tried to move the price downwards and failed..
buyers taken the price again upside...
one more interesting point is price is exactly closed Previous ATH level.
from this level previously a strong selloff is observed...
if sellers want to take the price down...this is the place they will try to push it down.
so if tomorrow again price opens here...they definitely push down again.
We may observe a gap down as well...if its a bearish sign.
After a strong push to downwards, sellers failed again to take it downside.., means a sign of weakness in bearishness leads to bullish again...
If tomorrow again price push downwards from New ATH, the area of value again push the price up...
if old ATH is also push the price downside...we observe a trending bearish expiry.
if price rejects from New ATH, and old ATH gives us support price is a bullish again.. and expiry is bullish.
All this is pre and post market analysis..live market is entirely different from this.
so will see what happens in live market.
Catatan
price is at Resistance....wait for the breakout or breakdownCatatan
Catatan
price is now at Previous ATH...lets wait it will give support or breaks.Catatan
Don't go for immediate buy side...it may test Resistance again and comes back...or it may test bottom demand and moves again up to ATH
Catatan
if we see volume on these candle at Previous ATH its low.....Catatan
careful guys...its now in complete range...Catatan
Keep in long side....no sign of bearishnessCatatan
don't initiate an fresh longs....All longs may be exited here....keep safe..Trading ditutup: target tercapai
Catatan
Now this is the time to look for Sell side oppurtunity.Catatan
will look for sell side...until price breaks trendline and tested the demand...not able to go upside ...rejection from trendline or Old ATH....then only..sell side.Catatan
Catatan
Pivot points helped today...Catatan
Fibo target is also...near will seeCatatan
Good Move up to Target4Catatan
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Also share your thoughts in the comments section.
Thanks for your Support **
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