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TheChauhansView

BANKNIFTY : Next moves..

Short
Nifty Bank Index (NSE:BANKNIFTY)  
TheChauhansView Updated   
NSE:BANKNIFTY   Nifty Bank Index
Wave Analysis Beyond Technical Analysis
2
0
waveanalysis beyondta
Intraday : A move down first and then an UP move..

Do not take the sell move down.. as it will be very risky and if you take it, keep your SL very tight..

I would be more interested in the BUY once the down move is completed.

Will update as we go forward.

Again, the down move might not happen on Monday..as it would go up further and then might not happen on Tuesday also.. but will happen, keep patience. Immediate up move is again very risky.
Comment:
It's fallen as forecasted and that too on Monday itself.. it is more than half way mark already..

Let it go further down and then look for reversal signs.. we should all be in the trade for UP side.. not down side as the direction on higher degree is UP.

OR put an EO on the top of high and leave it for the ride up if you are not able to be present on the computer..

Happy trading.
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