The_Trader14

Is Banknifty correction over???

Long
NSE:BANKNIFTY   NIFTY BANK
Bnf has shown a good buying pressure and opened gap up breaking the upper trendline.

Had to rework on my wave count and chart patterns.

Bnf did sustain above the trendline and gave a closure about it.

Hence above the trendline it is bullish and will continue making wave 5 if it sustains the bullish momentum.

If bnf moves below the trendline then it will call for a complex correction.

Stay safe and trade safely.

Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.

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