Bank-nifty: Has it completed correction?
Updated
Banknifty has broken the long time trendline and closed below it for consecutive 2 days.
In last trading session it came to retest the trend line but could not close above the line.
Let's see if the trendline reject the price or price close above the line. If price remain
below trendline its not a good news for long traders. 41500 is a rock-solid support for
Bank-nifty.
I am personally hoping to have 1 more leg upside for wave 5 in daily time frame.
Please see all the levels are mentioned on the chart. My follower understand may labeling.
Thank you for your support.
Regards
In last trading session it came to retest the trend line but could not close above the line.
Let's see if the trendline reject the price or price close above the line. If price remain
below trendline its not a good news for long traders. 41500 is a rock-solid support for
Bank-nifty.
I am personally hoping to have 1 more leg upside for wave 5 in daily time frame.
Please see all the levels are mentioned on the chart. My follower understand may labeling.
Thank you for your support.
Regards
Note
Have explained the chart on you tube also.Note
I am still hoping the above view will come true..!Note
video uploaded on you tube can like share subscribeNote
Buying can be made from 42175-42130Note
SL 42000
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