BANKNIFTY--Consolidation or Breakdown??
Atualizado
If price consolidates @43400-43800 levels and then price has a chance of manipulation(Rise) before testing the 42800 levels...so take care before long/Short....
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 and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support
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 and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support
Nota
Keep in short side as long as price below 43720 and keep your SL as 43840Nota
Keep in short side....43800 is a resistance.... if failed to acts as resistance...then only long...But chance of fake out is also possible...Nota
It is trading in a channel...keep safe...Nota
until break and retest no long side...Nota
Enter long on break...Trade fechado: objetivo atingido
Exit few....change your SL to 43720Nota
Don't take risk....it may completely reverse....keep safe.....Nota
Nota
Nota
enter short on break....Nota
it will consolidate some time ...keep safe...Nota
it will be in a consolidation zone...pls avoid don't take risk...Nota
consolidation to topside may also possible...it's intention is short side only...Trade fechado manualmente
Nota
will see tomorrow what happens...
**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.