BANKNIFTY--Gap Up or Gap Down??

Price is rejected from the trendline again and closed exactly at the trendline...
Price is given us discount @44250 level.
if tomorrow breaks this trendline, it will not test this trendline immediately...
It will reach any one of the resistance and then come back...
If opens downside...we will wait for an up move or downside continuation...
If a gapdown occurs sellers may exit or continue to take it down...we have to wait and see what happens.
If they want to break it...price will open above and continue to move upwards..and then back to the trendline from the above resistances.
will see it in the next session.

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wait for long opportunity.

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Enter long on break to the upside.

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If stoploss hits...price will reach 44100 levels...soon.

Trade closed: target reached:

Exit few...

Trade closed: target reached:

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Don't go for short side...immediately.

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Wait for the price to reversal back...break on trendline and retest...

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It will make head and shoulders then...

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Be careful guys.....

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End of bullishness