BankNifty- Final Leg (Triangle) & Fall Later 22660-21400

Sep 18, 2020

Plan A (Buy Scenario)
A Possible Triangle Scenario - Expect Upside Push--------"strictly crossing above 22300 & holding above 22300"-----------for target 22550-22600

No Buying if cannot cross & hold above 22300 levels

Plan B (Sell Scenario)

Strictly Sell Valid --------After completing Plan A (Buy Scenario) mentioned above------Once reaches 22550-22600 target upside & fails to cross above 22660 then traders can plan the sell keeping stops above 22660 & target downside as 21400 as mentioned in the last idea mentioned below


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As per the last idea ---------resistance of 22700 approx was held - High was 22757 (shown as "Wave-a" & we got the fall to 22757 to 22035 level

Last Idea

Sep 21, 2020

Trade closed: target reached

14:28 Hrs / 21st Sep 2020

Last Price - 21480

Day Low - 21360

What a fall big fall as expected in the last BNF idea.

Hope You Enjoyed the Fall to the support zone 21400- Have a lovely week ahead. Thanks