BANKNIFTY INDEX FUTURES.
Case 1 - If market breaks upper zone and sustains, we can go long
Case 2 - Agar Market Gap Up ya fir kaise bhi upper range ko break karti hai and fir Type B fail banta hai, Wo trendline bhi break kar sakti hai .
Case 3 - If market doesn't break high of the zone, and comes down we have to wait for 3 touches on the trendline and observe, waha pe Type B laga sakte hain trendlines me. If u guys remember I told about Type B trendline me lagane ke kuch cases hote hain, today is that case. To isme breakdown and Failed Breakdown dono trade kar skte based on "Rule of 3 Touches".
Just observe today, Will tell you the logic EOD how market reacts.
Case 2 - Agar Market Gap Up ya fir kaise bhi upper range ko break karti hai and fir Type B fail banta hai, Wo trendline bhi break kar sakti hai .
Case 3 - If market doesn't break high of the zone, and comes down we have to wait for 3 touches on the trendline and observe, waha pe Type B laga sakte hain trendlines me. If u guys remember I told about Type B trendline me lagane ke kuch cases hote hain, today is that case. To isme breakdown and Failed Breakdown dono trade kar skte based on "Rule of 3 Touches".
Just observe today, Will tell you the logic EOD how market reacts.
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