From a longer perspective, there is a still problem in BANKNIFTY

  • Long term tight channel since 2016.
  • 3 excesses at the value and one excess at value low.
  • 5 waves are completed.
  • A previous Resistance and Wave(3) at 28227(can be upcoming support).
  • 50 days moving average is at 28080 nearby (too far for work as support).
  • Measurement of all falls mentioned in the chart, as per this measurement expected current until 13th Aug 2019(approx. plotted).

Conclusion: From a longer perspective, there is a still problem in BANKNIFTY .
Awesome Work...Keep Sharing ...
May you please tell us where can we learn time cycle?
+3 Reply
Awesome Analysis. Thanks for sharing the knowledge.
+1 Reply
@RSM1967, thanks
+1 Reply
I have read a lot of books on technical analysis, but no one has ever provided this type of easy to understand method. you should write a book @Kinnari_Prajapati
+2 Reply
@akashbothra, Really, If someone helps me I am really interested to write a strategy and book.
Great Work, You are my inspiration
On Aug 13 are you expecting to touch the support level @28227.` How are are you able to predict that? which tool/method are you using for this kind or prediction
+3 Reply
This is an awesome observation. Another way of looking for trading the BN!!!
+1 Reply
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