IIT-Trader

BANKNIFTY--Breakdown or Breakout??

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:
until this happens no long side view...
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Keep in long side as long as price is above 43560 level.
Comment:
trendline breakout...if failed to move upside will enter short side...
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KEEP Safe this is the turning point now....if unable to break high ...fall comes...
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if anybody in long exit...might reversal.
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Broken the trendline...wait for retest
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keep in mind no sign of bearishness...
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43900 is tested wait for more confirmation...
Comment:
price is at major trendline...will see tomorrow what happens.

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