BANKNIFTY-Which is Support Trendline or 43000 ??
Observations:
-----> After Strong breakout from 43000,price opens gap up means buyers want to take the price to higher levels.
------> Gap up + Consolidation at 43500 is observed. price is moving downwards, means price wants to go upside test of demand zone at 43000 breakout.
-------> If it is a false breakdown at 43350 level, and price moves again upside, look for sell at 43500/43600 level false move to upside may be happens.
-------->If trendline or 43000 acts as a support , chances are more for breaking the strong resistance at 43600 and reach the price towards 43850-43900.
-----> After Strong breakout from 43000,price opens gap up means buyers want to take the price to higher levels.
------> Gap up + Consolidation at 43500 is observed. price is moving downwards, means price wants to go upside test of demand zone at 43000 breakout.
-------> If it is a false breakdown at 43350 level, and price moves again upside, look for sell at 43500/43600 level false move to upside may be happens.
-------->If trendline or 43000 acts as a support , chances are more for breaking the strong resistance at 43600 and reach the price towards 43850-43900.
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Please Like, Follow and Comment
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--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--
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.