#banknifty :- A contra view on incides discussion
#banknifty:- A contra view on index discussion
The analysis is based on the assumption that wave 5 is over and this is a corrective pullback.
Today the price got rejected from 78.6 % - 85 % of the last upmove and if the pressure continues we might see 43,124 to 41,413 levels.
The Stop Loss is very close at 46,356. This analysis looks unrealistic, but this alternative view must be considered.
Always Trade what you see, not what you feel.
Regards,
SG
The analysis is based on the assumption that wave 5 is over and this is a corrective pullback.
Today the price got rejected from 78.6 % - 85 % of the last upmove and if the pressure continues we might see 43,124 to 41,413 levels.
The Stop Loss is very close at 46,356. This analysis looks unrealistic, but this alternative view must be considered.
Always Trade what you see, not what you feel.
Regards,
SG
Comment:
How the setup got changed today :-
