IIT-Trader

BANKNIFTY--@Trendline Break??

Long
IIT-Trader Updated   
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
Comment:
After a strong consolidation price opens upside...this might be a manipulation...
Take care before long or short...
Comment:
If again consolidation keep in buy side
Comment:
Looking for buy @43100 levels....
Comment:
Comment:
If no fall enter long on break
Comment:
Exit from short if you are
Comment:
Don't go long immediately wait
Comment:
Previously 42925 is a support if acts as resistance again fall back...on bottom support at 42820 and 42840 has to break and retest for short

**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--
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.