IIT-Trader

BANKNIFTY--Trendline Holds or Breaks ??

IIT-Trader Updated   
NSE:BANKNIFTY   Nifty Bank Index
After a strong fall now price is at trendline...
If this holds price is said to be bullish...
If breaks and retest will go for short...
Comment:
will see in the next session what happens...
Comment:
It gives us some retracement and falls back
Comment:
or it will continue to rise again..
Comment:
If this gives us retracement and breaks again will go for short side...
Comment:
Keep safe guys....it will eliminate us and again moves down side...Keep Sl
Comment:
this is the manipulation....Everyone eliminated here....buyers and sellers...
Keep safe...
Comment:
Drop base Drop
Comment:
keep book 50% remaining until Sl hits
Comment:
don't go long...until stoploss hits...
Trade closed: target reached:
Target 1 done
Trade closed: target reached:
Comment:
now change your stoploss
Comment:
exit from short side
Comment:
Keep in neutral mode....
price is at important support...
If consolidation at support price breaks the support ....other wise will take long entry...on retracement...

Comment:
Comment:
wait until it will break either side..
Comment:
No bearish view...price at important support...if breaks today will take entry tomorrow...
don't go for short....

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