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jeevaramanan
Feb 14, 2022 5:30 PM

Banknifty long-term short trade setup wave C Short

Nifty Bank IndexNSE

Description

Educational purpose only:
Here triangular correction formation in wave B position... Mostly Triangular forming Wave 4,B,X. Then technical analysis of the bank nifty exploring the market conditions.. Triangular formation ACE waves are 0.681% relationship this confirm perfect triangular corrections. Now market break the trend line it's gives long-term short position trade setup....
Higher degree wave formation was Zigzag correction.. Wave A = Wave =C
Coming weeks market has down morethan 3000 points....to reach wave C target...

Comment


Wave C sub divided chart has mentioned here..
Comments
RAHULMALVIA1449
Please visit monthly and weekly charts also .Please do confirm on weekly chart.
jeevaramanan
@RAHULMALVIA1449, I am hearing your comments . I will be updating day or weekly chart ....
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