Nifty Bank IndexLong
it is trading around 20 dma .
Updated
Is it an opportunity to buy or sell?
overall trend is bullish.
after march 2023 first time bank nifty
has come closer to 20 dma.
it is an opportunity to buy.
it is now progressing by forming higher high and higher low.
still upside left.I will attach 5 minutes chart and 4 hrs chart
with this.There is likely to gap up tomorrow as obvious from dow and other markets.
overall trend is bullish.
after march 2023 first time bank nifty
has come closer to 20 dma.
it is an opportunity to buy.
it is now progressing by forming higher high and higher low.
still upside left.I will attach 5 minutes chart and 4 hrs chart
with this.There is likely to gap up tomorrow as obvious from dow and other markets.
Note
Note
First 1 there is overlapping of waves and it is retraced by around 50 percent.in second 1 it has been retraced 61.8 percent.it appears correction is over here.
Note
Note
in 15 minutes time frame.Note
in the diogonal wave 1 and 3 are equal and wave 5 shorter than wave 3
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.