BANKNIFTY--S/R Levels??
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.
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keep in long side as long as price is above the trendline. will go for short once price breaks and retest of trendline.
------>>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.
------------------------------------------------------------------------------------------------------------
keep in long side as long as price is above the trendline. will go for short once price breaks and retest of trendline.
Note
Rally base rally or reversal.Note
If no rally reversal confirmsNote
exit from long side if possible...Note
Liquidity lies below 47200 levels....wait for the bearish turn.Note
Again on topside of the channel wit for bearish side...Note
Wai for the reversal...H & S pattern may observe.
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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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