IIT-Trader

BANKNIFTY--Bearish gap @45400??

IIT-Trader מעודכן   
NSE:BANKNIFTY   Nifty Bank Index
I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.

Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.

Trade safe...Thank you guys for your support.

הערה:
flag and pole pattern is identifed ...wait for long....
הערה:
הערה:
No long until price breaks the trendline and retest...
הערה:
chance of breakdown as well....
הערה:
Enter short....with small SL
הערה:
If SL hits....keep in long...with retracement.
הערה:
Change your Stoploss to 44735 level.
הערה:
Again rejection from trendline...
עסקה סגורה: היעד הושג:
Only Target1 done...
הערה:
Exit from short side if price breaks 44690 levels...
הערה:
Don't go long....immediately...
הערה:
Enter shortside... If price breaks...
הערה:
Chance of downside....but slowly it will test...so wait for long side...
הערה:

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--Educational Purpose Only--
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