IIT-Trader

BANKNIFTY--Bullish Gap or Bearish Gap??

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:
Price is exactly at previous strong resistance zone...Ignore short...may push the price up.
הערה:
If this push is strong to downside ..consider it as a exhaustion of sellers .
הערה:
Waiting for long...if comes to the demand area.
הערה:
Keep booking shorts...
הערה:
Don't go long immediately...
הערה:
Exit from Short side...

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--Educational Purpose Only--
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