subhagghosh

Bank Nifty Trading Strategy for 20th Nov'2020

NSE:BANKNIFTY   NIFTY BANK
#banknifty view on 20th Nov'2020.

Decision Zone: 29,030 to 29,150

Upper targets:- 29,368 / 29,620 / 29,914 / 30,220 / 30,515 / 30,702 / 30,998 / 31,180

Lower Targets:- 28,931 / 28,723 / 28,640 / 28,431 / 28,315 / 28,057

Trend Reversal levels:- 29,030.

Elliott Wave:- Wave 5 likely is complete until we cross 29,785 in the next few days.

If we have to assume wave 5 is complete and we are heading for an ABC correction, the problem is there is no way to calculate wave A until it's complete and then we can decide the rest of the movement, the same way we can't calculate wave 1 until it is completed.

SL for all positional long is 27,703

Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Trade closed: target reached

Comments

29k below if BN trades, we are heading for 28k
+2 Reply
mailarunmano subhagghosh
@subhagghosh, nice work bro ......your analysis are remarkable..........
+1 Reply
Sir, will downtrend will be reverse on 29030 level? Kindly help to understand.
Reply
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