CAN YOU BELIEVE BANK NIFTY HAS BOUNCED FROM CRITICAL POINT?
WHILE STUDYING ABCD PATTERN.
BC HAD CLOSED JUST BELOW 1.13% RETRACEMENT OF AB(FALSE BREAKOUT WHICH COULD NOT TAKEBANK NIFTY TO HIGHER LEVEL)
AFTER THAT BANK NIFTY HAS CORRECTED MUCH.
ON FRIDAY NIFTY HAD GONE JUST BELOW 88.6% RETRACEMENT OF AB BUT BOUNCED BACK.
PERFECTLY ABCD PATTERN HAS FORMED.
HENCE WE COULD SEE A BOUNCE FROM THIS LEVEL
FRIDAY'S LOW IS SACROSANCT.
WITH USA MARKET CLOSING NEGATIVE IF BANK NIFTY DOES NOT CLOSE BELOW THIS CRITICAL POINT
ONE CAN GO LONG.
HAPPY TRADING
BC HAD CLOSED JUST BELOW 1.13% RETRACEMENT OF AB(FALSE BREAKOUT WHICH COULD NOT TAKEBANK NIFTY TO HIGHER LEVEL)
AFTER THAT BANK NIFTY HAS CORRECTED MUCH.
ON FRIDAY NIFTY HAD GONE JUST BELOW 88.6% RETRACEMENT OF AB BUT BOUNCED BACK.
PERFECTLY ABCD PATTERN HAS FORMED.
HENCE WE COULD SEE A BOUNCE FROM THIS LEVEL
FRIDAY'S LOW IS SACROSANCT.
WITH USA MARKET CLOSING NEGATIVE IF BANK NIFTY DOES NOT CLOSE BELOW THIS CRITICAL POINT
ONE CAN GO LONG.
HAPPY TRADING
Comment:
call could not be initiated as bank nifty had a gap down opening.
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