BANKNIFTY--@Trendline Break??
מעודכן
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.
They serve as key reference points for technical analysis.
------>>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.
They serve as key reference points for technical analysis.
הערה
Until price break and retest don't think of short side..it may continue to move upside by consolidation.הערה
No short side...wait for retracementהערה
43620-43650 is also strong it won't allow us to go long...so price enters in consolidation...הערה
liquidity lies above 43800 levels...הערה
Start booking longs...הערה
Careful here 43730 level may push downwards....הערה
If you observe consolidation at 43700-43740 levels then liquidity finish on top side...otherwise price fall happens. wait until price breaks the bottom trendline and retest.הערה
If no break above wait for short side...below trendline and retest...הערה
Keep safe guys...book all longs...Wait for short side...הערה
Keep in short side from 43850 levels...if comes wait untilהערה
Chance of H& S pattern...wait until neckline breaks and rejects....הערה
will see in the next session what happens.הערה
If no break detected on top side 44100-44200 will reach.הערה
Above resistance Long possible upto 44250 levels...הערה
Above 43750 levels...הערה
Next resistance at 44080הערה
Ignore long side...הערה
If price consolidation happens at 43750-43850 liquidity below 43600 will finish.הערה
Exit from short side....הערה
Dont go longהערה
There is a chance of inverse head and shoulders pattern..don't go shortהערה
הערה
If this setup failed will go for short
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Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
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