BankNifty - Bullish Gartley from Bottoms at 38492

WaveTalks Updated   
NSE:BANKNIFTY   Nifty Bank Index
Stoploss - 38531


Bullish Gartley seems to be hiding in the price structure. If Index holds key level of 38531 & 38492 then we expect Index to push upside towards 39000 & 39600 in next few sessions.

Hope you did your due diligence at the tops of 41840's & enjoyed the tops from last idea. Check the related idea below.

Thank You
Trade closed manually:
2:03 pm / 27th Sep 2022

Last @ 38640

Partial target was achieved at 39000 post opening this morning but structure is too complex .

38900-39000 is the resistance zone

Any buying will be good only above 39050 that too only for short term or If index pushes upside & halts in between 38900-39000 below 39050 then it can slip again to lower levels of 38250-38300

38000 / 37950 is very important psychological level & critical support zone

Best Regards,
Abhishek H. Singh
​Growth Director - TradingView India

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