BANKNIFTY--Strong Resistance @ATH??
Updated
Following a strong bullish trend, the price exhibits a sign of indecision in the form of consolidation. Subsequently, it makes an attempt to breach the previous all-time high (ATH) but failed and falls below it.
Notably, the price experiences multiple rejections around the 46300 levels , highlighting potential resistance in that zone.
Conversely, there's a strong bullish sentiment evident around the 45300 levels.
However, should the price fail to regain upward momentum from this point @45300, it could potentially dip below the significant previous resistance at 45100 levels. This scenario could pave the way for further declines in Bank nifty.
Hence, it's advisable to be cautious around the 45100 levels.
Keep safe....
Notably, the price experiences multiple rejections around the 46300 levels , highlighting potential resistance in that zone.
Conversely, there's a strong bullish sentiment evident around the 45300 levels.
However, should the price fail to regain upward momentum from this point @45300, it could potentially dip below the significant previous resistance at 45100 levels. This scenario could pave the way for further declines in Bank nifty.
Hence, it's advisable to be cautious around the 45100 levels.
Keep safe....
Note
45850-45900 level is key level to push upside or push downside...keep safe until it touches that level.Note
Enter long on breakTrade active
Note
Maintain Strict SLTrade closed: stop reached
Note
will see tomorrow what happens.Note
After SL Moving up...
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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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