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