IIT-Trader

BANKNIFTY-Trendline Holds or Buyers Exhausted??

IIT-Trader 업데이트됨   
NSE:BANKNIFTY   Nifty Bank Index
BANKNIFTY has been on an upward trend for quite some time now, but it seems like it may be time for a correction at the strong resistance level of 43600.

Observations:
----->>However, the trendline is currently acting as a support and the price is still moving up.
------>>Just yesterday, the strong resistance at 43000 was broken, so it's possible that it may now act as a support level.
----->>If the price falls below 43000 again, it's uncertain which level will hold.

Which Level Holds:
In the past, the price faced difficulties going up at 42700 and failed.
But now, that same level may act as support to go higher. It's recommended to stay on the long side until the price breaks below 42700.

-------->>
If price breaks 42700 and facing resistance @43000 or 42850 level and again breaks 42700 , go for short 42500,42300,42000.




코멘트:
Price opens gap up ,we have resistance at 43500-43600 wait until price reach this zone for short side, until don't go for buying or selling. wait for the price to comeback to levels to trade.
코멘트:
Double top Forms??

**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--
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.