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.

Regards,

Dvine

Telegram @ Dvineweavers
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.