bijoy2526

CAN YOU BELIEVE BANK NIFTY HAS BOUNCED FROM CRITICAL POINT?

Long
NSE:BANKNIFTY   NIFTY BANK
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
Comment: LIKE MY POST IF IT ID HELPING YOU.
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Comment: call could not be initiated as bank nifty had a gap down opening.

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