BANKNIFTY--Consolidation or Breakdown??
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If price consolidates @43400-43800 levels and then price has a chance of manipulation(Rise) before testing the 42800 levels...so take care before long/Short....
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 and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support
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 and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support
Note
Keep in short side as long as price below 43720 and keep your SL as 43840Note
Keep in short side....43800 is a resistance.... if failed to acts as resistance...then only long...But chance of fake out is also possible...Note
It is trading in a channel...keep safe...Note
until break and retest no long side...Note
Enter long on break...Trade fermée: cible de profit atteinte
Exit few....change your SL to 43720Note
Don't take risk....it may completely reverse....keep safe.....Note
Note
Note
enter short on break....Note
it will consolidate some time ...keep safe...Note
it will be in a consolidation zone...pls avoid don't take risk...Note
consolidation to topside may also possible...it's intention is short side only...Trade fermée manuellement
Note
will see tomorrow what happens...
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Please Like, Follow and Comment
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Thanks for your Support **
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