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