IIT-Trader

BANKNIFTY--Reversal Pattern??

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:
wait until the price breaks the neckline and retest ,then only short side...wait
Comment:
1st resistance at 43850 and next is at 43920-43960.
Comment:
43700-43720 level is key to push upside or to push downside...
Comment:
downside profit booking places at 43620,43520,43400
Comment:
upside break 43800,43850,43920.

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