It appears from the chart
flat correction is taking place in bank nifty.
In that case it should come down atleast near to
the end of wave A.
C wave should have five waves.
Please like this post if it helps you.
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on weekly chart last time has bounced from 20 period moving average
on last friday it has touched that.
Most possibly it is likely to come below that.
Of course this correction is not major break down of bank nifty.
overall bullish trend is in tact.
It will be a nice opportunity to accumulate hdfc bank,sbi for investment.
flat correction is taking place in bank nifty.
In that case it should come down atleast near to
the end of wave A.
C wave should have five waves.
Please like this post if it helps you.
follow me to get updates.
on weekly chart last time has bounced from 20 period moving average
on last friday it has touched that.
Most possibly it is likely to come below that.
Of course this correction is not major break down of bank nifty.
overall bullish trend is in tact.
It will be a nice opportunity to accumulate hdfc bank,sbi for investment.
Comment:
Comment:
weekly chart,touches 20 period moving average.
