BANKNIFTY--Initiation or Exhaustion??
Updated
price is exactly closed near to the resistance zone...
A strong bullishness is observed from the 45000 levels...
today's bullishness is exhaustion tomorrow it is again bearish...If this is an initiation will grab the liquidity above 46800 levels...and will continue to move higher with consolidation to 47200 levels.
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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
A strong bullishness is observed from the 45000 levels...
today's bullishness is exhaustion tomorrow it is again bearish...If this is an initiation will grab the liquidity above 46800 levels...and will continue to move higher with consolidation to 47200 levels.
--------------------------------------------------------------------------------------------------------------
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
Note
until price breaks the trendline and retest no short side viewNote
price is at important point to continue up or downside...safe hereNote
this time trendline holds or breaks
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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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