Nifty Bank Index
Updated

BANKNIFTY--43500 or 44800

1 693
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.
Note
Enter long if price breaks 44080....
Note
By keeping the SL at 44040
Note
Targets are 44120,44160,44200
Trade active
Note
snapshot
Note
Price behaviour is too volatile......
snapshot
Trade closed: target reached
Exit few.....
snapshot
Trade closed: target reached
All 3 done...exited.
snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.