The earlier Analysis is coming true and I hope it is the final destiny of bank-nifty. Now you can put 20% of your capital to investment. I am personally feeling that we would touch the lower trend-line plotted with red line. Two circles are plotted to show the Fibonacci Ratio Supports and there are some red vertical line those are cyclic lines which give an approximated time to travel the targets.
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Hi, I was looking at the correction as wxyxz and expecting along the same lines as your analysis but this week price action is showing reversal and may touch upper channel band. What's your view ? Has it changed or still intact ? Thanks
imkhushal
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@KVBhasker, in my view it will not break the channel, even will give sharp down from current level, still if it break the channel we can assume that we were in wave 2 and will move further for wave 3.
I was looking at the correction as wxyxz and expecting along the same lines as your analysis but this week price action is showing reversal and may touch upper channel band. What's your view ? Has it changed or still intact ? Thanks