BANK NIFTY some more correction ahead?
Some more correction expected from bank nifty
if it breaks the weekly low.
It appears 'c' wave correction is going on
final c wave should unfold in 5 wave it seems that has not been done yet.
I have done detail analysis of bank nifty in daily time frame .
It appears bank nifty my drop to the channel line shown in the diagram.
as nothing rises in straight line or falls in straight line the fall may not be in straight line.
This is only my study nothing type of trade recommendation.
follow me to get updates and don't forget to like my post.
if it breaks the weekly low.
It appears 'c' wave correction is going on
final c wave should unfold in 5 wave it seems that has not been done yet.
I have done detail analysis of bank nifty in daily time frame .
It appears bank nifty my drop to the channel line shown in the diagram.
as nothing rises in straight line or falls in straight line the fall may not be in straight line.
This is only my study nothing type of trade recommendation.
follow me to get updates and don't forget to like my post.
Note
resistance for bank nifty 38145,38290.38332.38448,support for it are 37889,and37777.
if bank nifty trades above 38565 we can expect trend reversal.
and if it trades below 37777 it is bearish.
please trade with hourly candle trend can be detected in hourly candle better.
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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.
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.