BANKNIFTY--Consolidation or Breakdown??
Diupdate
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
Catatan
Keep in short side as long as price below 43720 and keep your SL as 43840Catatan
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...Catatan
It is trading in a channel...keep safe...Catatan
until break and retest no long side...Catatan
Enter long on break...Trading ditutup: target tercapai
Exit few....change your SL to 43720Catatan
Don't take risk....it may completely reverse....keep safe.....Catatan
Catatan
Catatan
enter short on break....Catatan
it will consolidate some time ...keep safe...Catatan
it will be in a consolidation zone...pls avoid don't take risk...Catatan
consolidation to topside may also possible...it's intention is short side only...Trading ditutup secara manual
Catatan
will see tomorrow what happens...
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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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