bijoy2526

Is the pull back over?

bijoy2526 Updated   
NSE:BANKNIFTY   Nifty Bank Index
It will be premature to say
if pull back is over.
But the 38.6 percent retracement is already done.
and in hourly time frame there is divergence between
price and oscillator.
if it is indeed a bull market bank nifty should bounce
with in one or two days.Here third wave is extended one
and terminated at 45345.
we will check in lower time frame what is happening in the update.
.
.
Comment:
Comment:
weekly chart is matter of concern.Bearish pattern,
so next week is important.
Comment:
will update in minute form ,
if this post helping you like this post.
follow me to get updates.

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.