BankNifty-Selling The Tops with Wedge: The Precise Peak 44650

Hello All,

Our tiny heroes reached a majestic peak at 44669 as per last idea published yesterday, just as we imagined in our dreams! This peak was not just a high point, it was a place where they could see the entire playground sprawling below. But as we all know, after reaching the top, there's a thrilling slide waiting! Our numbers decided to swoosh down, and guess where they are heading? Yes, you got it right, towards the fun zone of 44300, our lower band of support we chatted about yesterday! (Precise top at 44669 - What a sight to behold!)


The Rising Wedge close to 44650’s

the Rising Wedge! WaveTalks spotted - this intriguing pattern early on through last idea. It’s like a see-saw that's tilting ever so slightly, warning our number friends to be ready for a possible change in the direction of their play. And guess what? Our assumption came true! The numbers took a fabulous turn, bringing a rush of exhilaration to our adventure! (A fabulous start with a cautious note from the rising wedge)

Intraday Targets

44400
44300
44150

Best Wishes from WaveTalks

Remember, at WaveTalks, we're always listening to the whispers of the waves, sharing the secrets of the numbers' adventurous journeys. We ask, "Can you hear it?"

The Last Idea based on 109 Session Moving Average

Disclaimer:


Trading in financial markets comes with its risks, and one might encounter dips and turns that could result in loss. Always consult with your financial advisor before making decisions in this adventurous playground. WaveTalks encourages a responsible and informed approach to the financial adventure.

Comment:

1:35 pm / 5th Sep 2023

Last @ 44447

Target 1 - 44400 reached downside

Comment:

12:32 pm / 6th Sep 2023

Last @ 44324

Very close to 2nd Target ---------44300 & Support in 44300-44325

Trade closed: target reached:

2:04 pm / 6th Sep 2023

Index just missed our final target 44150. Day low - 44207. Crossing above 44300-44325 support zone & holding above that zone, will be a bullish bias.

Best Wishes
WaveTalks

Comment:

3:27 pm / 6th Sep 2023

Bullish Bias suggested above 44300-44325