IIT-Trader

BANKNIFTY--Support ?? Resistance??

IIT-Trader מעודכן   
NSE:BANKNIFTY   Nifty Bank Index
Bank nifty index is taking the support multiple times from the level @46400 levels.
this is the crucial level to see it will break the trendline to move upside or by facing the resistance in the form of support and falls back to below levels and continue to move down. even though price breaks the trendline we have to wait for bullish continuation.

הערה:
wait until it breaks and retest
הערה:
broken the trendline...need some more confirmation...wait atleast price test the resistance...if failed to push upside..fall back happens..
הערה:
הערה:
After retracement if failed to move upside...will go for short side...
key level is 46300-46400 level.
הערה:
enter in long once retracement done.
הערה:
Without retracement it's a risky one to enter long

**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.