Previous two sessions of bank Nifty hits high and low at almost the same matching levels. 4 conditions are going to occur in upcoming sessions:
1st - Price can break the previous 2 days' highs OR lows and move in the respective direction.
2nd - Price can follow the 1st condition with failures.
3rd - Price can remain in the range with multiple failures making any hidden and misleading pattern!
4th - Price can open gap up/gap down making quick trappy moves!
1st - Price can break the previous 2 days' highs OR lows and move in the respective direction.
2nd - Price can follow the 1st condition with failures.
3rd - Price can remain in the range with multiple failures making any hidden and misleading pattern!
4th - Price can open gap up/gap down making quick trappy moves!
Comment:
It was no trading day today!
Trade active:
47000
Trade active:
1st Target crossed above officially!
Trade closed: target reached:
The prices hit high closer to the 2nd target! Completely confused ending. When there is confusion, better get out of the system!