BANKNIFTY--Support ?? Resistance??

29 Şub

Bank nifty index is taking the support multiple times from the level @46400 levels.
this is the crucial level to see it will break the trendline to move upside or by facing the resistance in the form of support and falls back to below levels and continue to move down. even though price breaks the trendline we have to wait for bullish continuation.

1 Mar

Not

wait until it breaks and retest

1 Mar

Not

broken the trendline...need some more confirmation...wait atleast price test the resistance...if failed to push upside..fall back happens..

1 Mar

Not

1 Mar

Not

After retracement if failed to move upside...will go for short side...
key level is 46300-46400 level.

1 Mar

Not

enter in long once retracement done.

1 Mar

Not

Without retracement it's a risky one to enter long