Here i'm providing support and resistance levels for banknifty watch for rejection or breakout/breakdown on them to take trades.on 1 hr to 15 mins time it is overbought not expecting to rally like yesterday ,it could be sideways to bearish in my view until proven other wise if sustains over 49600 200 points can be tested around 49800 area.
Resistance 49600
Support 49250-49300
Resistance 49600
Support 49250-49300
Transaction en cours
rejected at resistance area short entry made Note
kept at break even Note
very tough buyers not giving up as of nowTrade fermée manuellement
missed target by 24 points exiting trade at breakeven Note
one could have booked at half or trailed most of the time go for big targets once trade starts in your favour nothing to lose in this trade , depends upon indiviudual trader decision where to exit.Transaction en cours
will try another one later and update hereNote
49600 above mentioned targets acheived Note
reversed from 50k area longs stop or trailing important else all profits will be gone in a blinkNote
Today May 2nd support and resistance levelsTransaction en cours
today's long entry Note
near support area bullish pinbar appeared small risk hereTransaction en cours
so far good lets see in my favour booked qty half rest open at kept at BE Trade fermée manuellement
trade scrped in middle too much chop todayNote
For Firday 3rd May support and resistance levels, look for rejection or breakout on those S/R levels Note
Rejected from exact resistance areaNote
Note
made a halt here of this much expecting a retracment till 49200 area entry longNote
so far good Note
failed nothing stopping selling today attempt long stopped out today wrong move seems almost went to target retrace back 260 points who would expect that much come back.
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Publications connexes
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.