BankNifty - Will Polarity Magic Repeat at 41840!!!

Dec 23, 2022

Wishing you Happy Holidays and a New Year that makes you smile every day. Merry Christmas To All !!!


Disclaimer
There is a very high degree of risk involved in trading. Past results are not indicative of future returns.

Polarity Reversal
Principle of Polarity is the idea that former support turns into resistance, and former resistance turns into support.

In current case former resistance 41840 highs made on 15th Sep 2022 could turn into support at 41843 lows made today 23rd Dec 2022 if holds

Holding 41840 Key level = Support, we expect targets
42500
42900




Idea published on 19th Dec 2021 - BankNifty Penultimate Pattern = Patience

Idea published on 17th Dec 2021- BankNifty Penultimate Wave - Pattern Repeats

Dec 23, 2022

Trade active

2:41 Hrs / 23rd Dec 2022

Last @ 41757

Index should cross above 41932 / 42000 Levels on upside to give us first hint that it is getting ready for bounce

Dec 23, 2022

Note

3:14 Hrs / 23rd Dec 2022

5 mins chart

Risk Takers Only - We close the idea Once Index falls below 41597 / 41600 lows else we expect the desired push as suggested over the video