IIT-Trader

BANKNIFTY--42600 Or 41800

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:
Exactly at resistance wait for sometime..
Comment:
Enter long on break...
Trade active:
Comment:
Exit from long if price breaks 42620 level...strong sell off may happens..because 42600 is strong support.
Comment:
Trendline is rejecting...exit cost to cost if breaks trendline....
Trade closed: target reached:
Keep safe....guys...Anytime it may reverse....

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