Bank Nifty - 26/02/2024 - Levels

25 feb

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Bank Nifty - 26/02/2024 - Levels
IMPORTENT ZONE FOR THE DAY: 46910 – 46940
Important Support and Resistance for the Day...
Support - Resistance -
Support-1: 46725 Resistance-1: 46920
Support-2: 46600 Resistance-2: 47080
Support-3: 46480 Resistance-3: 47200
Support-4: 46390 Resistance-4: 47300
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Happy Learning and Trading – TST5121

Rules to fallow...
1) Trade with Strict Stop Loss.
2) Trade with Small Quantity.
3) Take entries based on Support & Resistance Levels.
Please take the trade according to the levels marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries after your own analysis.
This is for education purpose and a helping hand to learn trading in market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.
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SHORT FORM &FULL FORM

• 20 -> 20 EMA in Day
• Red Zones... -> Resistance-Zones
• Green Zones... -> Support-Zones
• IMP -> Important
• PDH -> Previous Day High
• PDL -> Previous Day Low
• PDC -> Previous Day Close
• PDO -> Previous Day Open
• PWH -> Previous Week High
• PWO -> Previous Week Open
• PWC -> Previous Week Close
• PWL -> Previous Week Low
• D_S -> Day Support
• D_R -> Day Resistance
• W_S -> Week Support
• W_R -> Week Resistance
• W_O -> Week Open
• W_C -> Week Close
• LW_O -> Last Week Open
• LW_C -> Last Week Close
• MS -> Major Support
• SH -> Swing-High
• SL -> Swing-Low
• DT -> Double Top
• DB -> Double Bottom
• TT -> Triple Top
• TB -> Triple Bottom
• TF -> Time Frame
• BO -> Break-Out
• RR -> Risk-Reward
• SL -> Stop-Loss
• GAP -> The area b/w Previous Day Close and Today Open
• (S@*, R@*) -> Act as Major Support or Resistance-Zones (Be Alert, Chances to Market take Reversals)