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