RAISING WEDGE BREAKOUT.END OF WAVE B.SHORT FOR WAVE C DECLINE
BANK NIFTY MADE RAISING WEDGE PATTERN AND IT BROKE IT'S LOWER TREND LINE AT TODAY'S OPENING.THRROUGH OUT THE DAY GAP GOT FILLED AND PRICE SINCE HAS REVERSED AND HAS STARTED FALLING INDICATING END OF WAVE B AND START OF WAVE C OF AN ABC CORRECTION.ALSO IT MADE INVERTED HAMMER ON CANDLESTICK FRONT.
1:1 EXTENTION TARGET OF WAVE C COMES @ 30917.hENCE SHORT TRADE CAN BE TAKEN @ CMP 32850 WITH 33300 AS STOPLOSS AND TGT OF 30900.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
1:1 EXTENTION TARGET OF WAVE C COMES @ 30917.hENCE SHORT TRADE CAN BE TAKEN @ CMP 32850 WITH 33300 AS STOPLOSS AND TGT OF 30900.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis