IIT-Trader

BANKNIFTY--Bearish gap @45400??

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.

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.

Comment:
flag and pole pattern is identifed ...wait for long....
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No long until price breaks the trendline and retest...
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chance of breakdown as well....
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Enter short....with small SL
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If SL hits....keep in long...with retracement.
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Change your Stoploss to 44735 level.
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Again rejection from trendline...
Trade closed: target reached:
Only Target1 done...
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Exit from short side if price breaks 44690 levels...
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Don't go long....immediately...
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Enter shortside... If price breaks...
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Chance of downside....but slowly it will test...so wait for long side...
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