BANKNIFTY--Drop base Drop or Bullish??
Diupdate
I am sharing the important levels of Support and Resistance. These levels plays 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.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. 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
------>>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.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. 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
Catatan
keep safe before shorting...price enters into the support area...may breakdown happens...or reversal happens.
Catatan
no long guys....this might be pullbackCatatan
when price consolidates on topside...then only long entryy...Catatan
If they want to eliminate sellers again....price will comes to top and again be bearish from 46200-46300 levels.Catatan
price is now at important zone ...upside or downside...Catatan
If price consolidation happens between 45640--45840 then only longCatatan
exit from short...if price breaks the trendlineCatatan
retest to 45700 zone and break....then only long side...otherwise short side continuation may happens.
Catatan
price is in the zone....lets wait for a break...above then onlyy long.Catatan
if no continuation topside...bearishness again.Catatan
waiting for big moveCatatan
opens above the trendline....wait for retest and continuation...if no continuation look for short below the support levels.
Catatan
nearest resistance at 46200 levels.
**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 **
--Educational Purpose Only--
--Not SEBI Registered--
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