BANKNIFTY--Bearish gap @45400??
Updated
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.
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
flag and pole pattern is identifed ...wait for long....Note
Note
No long until price breaks the trendline and retest...Note
chance of breakdown as well....Note
Enter short....with small SLNote
If SL hits....keep in long...with retracement.Note
Change your Stoploss to 44735 level.Note
Again rejection from trendline...Trade closed: target reached
Only Target1 done...Note
Exit from short side if price breaks 44690 levels...Note
Don't go long....immediately...Note
Enter shortside... If price breaks...Note
Chance of downside....but slowly it will test...so wait for long side...Note
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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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