UNDERDOG-29

NEARING END OF WXY FLAT CORRECTION

Long
NSE:BANKNIFTY   NIFTY BANK
CONSIDERING CURRENT CORRECTION AS AN REGULAR FLAT,WE ARE IN A WAVE Y AND SUB WAVE 4.I AM EXPECTING ANOTHER DIP IN BANK NIFTY AS REGULAR FLAT PANS PUT IN 3-3-5 PATTERN.PRICE WISE TARGET FOR REGULAR FLAT CAN BE 100% OR 123.6% EXTENSION OF WAVE W FROM WAVE X.HENCE ON THE DOWN SIDE FOLLOWING LEVELS ARE IMPORTANT.BUYING CAN RESUME FROM THIS LEVELS.

33450(100% EXTENSION OF WAVE W)
32725-50( 61.8% RETRACEMENT OF IMPULSE WAVE 5 AND 123.6% EXTENSION OF CORRECTIVE WAVE W)

PERSONALLY I THINK CHANCE OF HITTING 32725-50 ZONE IS HIGHER AS PREVIOUS PEAK WAS ALSO AROUND SAME LEVELS.
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.