Bank Nifty Trading Strategy for 23rd Nov'2020
#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.
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.
After 9:45 there wasn't any buy signal in the chart.
