BANKNIFTY--Support ?? Resistance??

29 thg 2

Bank nifty index is taking the support multiple times from the level @46400 levels.
this is the crucial level to see it will break the trendline to move upside or by facing the resistance in the form of support and falls back to below levels and continue to move down. even though price breaks the trendline we have to wait for bullish continuation.

1 thg 3

Ghi chú

wait until it breaks and retest

1 thg 3

Ghi chú

broken the trendline...need some more confirmation...wait atleast price test the resistance...if failed to push upside..fall back happens..

1 thg 3

Ghi chú

1 thg 3

Ghi chú

After retracement if failed to move upside...will go for short side...
key level is 46300-46400 level.

1 thg 3

Ghi chú

enter in long once retracement done.

1 thg 3

Ghi chú

Without retracement it's a risky one to enter long