IIT-Trader

BANKNIFTY--Breakdown or Breakout??

IIT-Trader Atualizado   
NSE:BANKNIFTY   Nifty Bank Index
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.
Comentário:
until this happens no long side view...
Comentário:
Keep in long side as long as price is above 43560 level.
Comentário:
trendline breakout...if failed to move upside will enter short side...
Comentário:
KEEP Safe this is the turning point now....if unable to break high ...fall comes...
Comentário:
if anybody in long exit...might reversal.
Comentário:
Broken the trendline...wait for retest
Comentário:
keep in mind no sign of bearishness...
Comentário:
43900 is tested wait for more confirmation...
Comentário:
price is at major trendline...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--
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.