View on Bank Nifty for short term buy idea.
This is My view on Bank Nifty for Short term, where one can take long position till 37226, As per my Technical Analysis have came into consideration of this few points as follow.
- Bank Nifty is now in 3rd Wave of Hourly or Minor Wave, which is in Red, and it's target is near to 37322 (as per my TA) can go further.
- The minute Wave which is located in between the 3rd Wave, also has the target between 37233-37534
- The minute wave's 5th wave which has been started on 7th Sept, as possibility of ending near fibo ratio of 0.5-0.618.
- The 3rd Wave of hourly can be seen short to be ending near 1.2 of fibo ratio.
All this above mention are for Educational purpose only, please do your own Research before holding any position or investing,
- Bank Nifty is now in 3rd Wave of Hourly or Minor Wave, which is in Red, and it's target is near to 37322 (as per my TA) can go further.
- The minute Wave which is located in between the 3rd Wave, also has the target between 37233-37534
- The minute wave's 5th wave which has been started on 7th Sept, as possibility of ending near fibo ratio of 0.5-0.618.
- The 3rd Wave of hourly can be seen short to be ending near 1.2 of fibo ratio.
All this above mention are for Educational purpose only, please do your own Research before holding any position or investing,
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