BANKNIFTY--Breakout or Breakdown??

31 Jan

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

31 Jan

Catatan

31 Jan

Catatan

pole and flag pattern done ...

31 Jan

Catatan

no short side liquidity lies above 46600

31 Jan

Catatan

if it gives retracement then also buy onlyy...

31 Jan

Catatan

31 Jan

Catatan

safe ones book longgs at 46300 levels and below at 45900 levels to exit from long

31 Jan

Catatan

liquidity lies below the trendline...

31 Jan

Catatan

liquidity done below it...it may goes more fall by again grab some more liquidity

31 Jan

Catatan

elimination of buyers...

31 Jan

Catatan

if price unable to break this levels again...a sharp fall below 45900 is possible

31 Jan

Catatan

consolidation area high might push the price upside or downside...safe from this zone.