subhagghosh

Bank Nifty Trading Strategy for 23rd Nov'2020

subhagghosh Premium Updated   
NSE:BANKNIFTY   NIFTY BANK
#banknifty view on 23rd Nov'2020.

Decision Zone: 29,325 to 29,406

Upper targets:- 29,500 / 29,785 / 30,069 / 30,245 / 30,386 / 30,528

Lower Targets:- 29,182 / 29,040 / 28,838 / 28,580 / 28,121 / 27,837

Trend Reversal levels:- 29,030.

Elliott Wave:- Wave A of correction is complete and Wave B is complete or Wave C is in progress will come to know on Monday.

If the price moves above Friday's high we might touch 29,785 and might even extend it (be cautious with the longs).

If wave C is in progress, and below 29,800 it will be fast you won't get a chance to exit the longs and the immediate target is 28k on cards.

SL for all positional long is 27,703

Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Trade closed: target reached: 29,182 -Done/ 29,040 Done/ 28,838 (low was 28,852 missed by a wisker.

After 9:45 there wasn't any buy signal in the chart.

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