BANKNIFTY--Breakout or Breakdown??

31 thg 1

I am sharing the important levels of Support and Resistance. These levels plays 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

31 thg 1

Ghi chú

31 thg 1

Ghi chú

pole and flag pattern done ...

31 thg 1

Ghi chú

no short side liquidity lies above 46600

31 thg 1

Ghi chú

if it gives retracement then also buy onlyy...

31 thg 1

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31 thg 1

Ghi chú

safe ones book longgs at 46300 levels and below at 45900 levels to exit from long

31 thg 1

Ghi chú

liquidity lies below the trendline...

31 thg 1

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liquidity done below it...it may goes more fall by again grab some more liquidity

31 thg 1

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elimination of buyers...

31 thg 1

Ghi chú

if price unable to break this levels again...a sharp fall below 45900 is possible

31 thg 1

Ghi chú

consolidation area high might push the price upside or downside...safe from this zone.