BANKNIFTY--Breakdown or Breakout??
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.
They serve as key reference points for technical analysis.
------>>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.
They serve as key reference points for technical analysis.
Note
until this happens no long side view...Note
Keep in long side as long as price is above 43560 level.Note
trendline breakout...if failed to move upside will enter short side...Note
KEEP Safe this is the turning point now....if unable to break high ...fall comes...Note
if anybody in long exit...might reversal.Note
Broken the trendline...wait for retest Note
keep in mind no sign of bearishness...Note
43900 is tested wait for more confirmation...Note
price is at major trendline...will see tomorrow what happens.
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Also share your thoughts in the comments section.
Thanks for your Support **
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