BANKNIFTY--Consolidation or Breakdown??

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

ความคิดเห็น:

Keep in short side as long as price below 43720 and keep your SL as 43840

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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...

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It is trading in a channel...keep safe...

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until break and retest no long side...

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Enter long on break...

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Exit few....change your SL to 43720

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Don't take risk....it may completely reverse....keep safe.....

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enter short on break....

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it will consolidate some time ...keep safe...

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it will be in a consolidation zone...pls avoid don't take risk...

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consolidation to topside may also possible...it's intention is short side only...

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will see tomorrow what happens...