BANKNIFTY--Consolidation or Breakdown??
Обновлено
If price consolidates @43400-43800 levels and then price has a chance of manipulation(Rise) before testing the 42800 levels...so take care before long/Short....
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 and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support
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 and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support
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Keep in short side as long as price below 43720 and keep your SL as 43840Заметка
Keep in short side....43800 is a resistance.... if failed to acts as resistance...then only long...But chance of fake out is also possible...Заметка
It is trading in a channel...keep safe...Заметка
until break and retest no long side...Заметка
Enter long on break...Сделка закрыта: достигнута тейк-профит цена
Exit few....change your SL to 43720Заметка
Don't take risk....it may completely reverse....keep safe.....Заметка
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enter short on break....Заметка
it will consolidate some time ...keep safe...Заметка
it will be in a consolidation zone...pls avoid don't take risk...Заметка
consolidation to topside may also possible...it's intention is short side only...Сделка закрыта вручную
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will see tomorrow what happens...
**If these ideas are Helpful !
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Also share your thoughts in the comments section.
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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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