BANKNIFTY--Drop base Drop or Bullish??
Updated
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
Note
keep safe before shorting...price enters into the support area...may breakdown happens...or reversal happens.
Note
no long guys....this might be pullbackNote
when price consolidates on topside...then only long entryy...Note
If they want to eliminate sellers again....price will comes to top and again be bearish from 46200-46300 levels.Note
price is now at important zone ...upside or downside...Note
If price consolidation happens between 45640--45840 then only longNote
exit from short...if price breaks the trendlineNote
retest to 45700 zone and break....then only long side...otherwise short side continuation may happens.
Note
price is in the zone....lets wait for a break...above then onlyy long.Note
if no continuation topside...bearishness again.Note
waiting for big moveNote
opens above the trendline....wait for retest and continuation...if no continuation look for short below the support levels.
Note
nearest resistance at 46200 levels.
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Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
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