TradingView
subravi
Apr 21, 2021 3:17 PM

BankNifty 31112-Will it test 34600 Long

Nifty Bank IndexNSE

Description

BankNifty 31112 - If close could hold above Point B ( .88% ) we hope BNF will follow butterfly pattern and expect to test 34600.
Comments
Lion4may
Butterfly pattern retracement for point B is around 78.6% and not 88.6%. So the pattern that is drawn is incorrect and hence please be careful with it.
subravi
@Lion4may, Andre Cardoso an expert in harmonic patterns has suggested Point B should at least 78.6 and must close below 88.6% . If less than 78.6 it will become Gartley pattern.
More