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Adanienttrend

ADANIENT--Breakout or Breakdown??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. If price breaks the resistance, we have a chance of filling the bearish gap, soo keep in buyside until it touches the zone of resistance and bearish gap. 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
NSE:ADANIENT
by IIT-Trader
2
ADANIENT--Bullish or Bearish??Observations:: Drop base drop is observed now stock price @ base, but no sign of bearishness... after showing bearish again consolidation... may again goes bullish or reversal we have to wait for confirmation. If base acts as resistance price again falls. we have demand zone @ bottom price will test that zone but not immediately...slow process is going to observe. keep an alert @ demand then go for long. after strong breakout, price again ranging may again continue its bullishness.... so don't go for short without any proper confirmation. if again showing bullishness, we wait if price again breaks 3075 level, and not able to sustain above then look for sell.
NSE:ADANIENT
by IIT-Trader