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