BANKNIFTY Index is taking the support of 47800 levels multiple times.
its clearly saying that a lot of liquidity is lies below this level of support.
On top side, price created a Head and shoulders pattern.
Buy side::
Case1:
If price takes the liquidity on triple bottom and fails to go down triple bottom(Resistance)
or
Case 2: Strong Confirmation
if price consolidates between the Head and Right shoulder then will wait for a confirmation breakout above the head section on a pullback to Right shoulder then only a complete bullishness is going to observe in this index.
Look for long side below the triple Bottom.
On the topside we have a trendline liquidity near Right shoulder.
its clearly saying that a lot of liquidity is lies below this level of support.
On top side, price created a Head and shoulders pattern.
Buy side::
Case1:
If price takes the liquidity on triple bottom and fails to go down triple bottom(Resistance)
or
Case 2: Strong Confirmation
if price consolidates between the Head and Right shoulder then will wait for a confirmation breakout above the head section on a pullback to Right shoulder then only a complete bullishness is going to observe in this index.
Look for long side below the triple Bottom.
On the topside we have a trendline liquidity near Right shoulder.
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Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
" i am a IT-Trader "
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**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
" i am a IT-Trader "
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
" i am a IT-Trader "
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。