BANKNIFTY--@Trendline Break??
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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.
Nota
Until price break and retest don't think of short side..it may continue to move upside by consolidation.Nota
No short side...wait for retracementNota
43620-43650 is also strong it won't allow us to go long...so price enters in consolidation...Nota
liquidity lies above 43800 levels...Nota
Start booking longs...Nota
Careful here 43730 level may push downwards....Nota
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.Nota
If no break above wait for short side...below trendline and retest...Nota
Keep safe guys...book all longs...Wait for short side...Nota
Keep in short side from 43850 levels...if comes wait untilNota
Chance of H& S pattern...wait until neckline breaks and rejects....Nota
will see in the next session what happens.Nota
If no break detected on top side 44100-44200 will reach.Nota
Above resistance Long possible upto 44250 levels...Nota
Above 43750 levels...Nota
Next resistance at 44080Nota
Ignore long side...Nota
If price consolidation happens at 43750-43850 liquidity below 43600 will finish.Nota
Exit from short side....Nota
Dont go longNota
There is a chance of inverse head and shoulders pattern..don't go shortNota
Nota
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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