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