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