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.
注释
Until price break and retest don't think of short side..it may continue to move upside by consolidation.注释
No short side...wait for retracement注释
43620-43650 is also strong it won't allow us to go long...so price enters in consolidation...注释
liquidity lies above 43800 levels...注释
Start booking longs...注释
Careful here 43730 level may push downwards....注释
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.注释
If no break above wait for short side...below trendline and retest...注释
Keep safe guys...book all longs...Wait for short side...注释
Keep in short side from 43850 levels...if comes wait until注释
Chance of H& S pattern...wait until neckline breaks and rejects....注释
will see in the next session what happens.注释
If no break detected on top side 44100-44200 will reach.注释
Above resistance Long possible upto 44250 levels...注释
Above 43750 levels...注释
Next resistance at 44080注释
Ignore long side...注释
If price consolidation happens at 43750-43850 liquidity below 43600 will finish.注释
Exit from short side....注释
Dont go long注释
There is a chance of inverse head and shoulders pattern..don't go short注释
注释
If this setup failed will go for short
**If these ideas are Helpful !
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Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
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