sanketthakur111

Bank nifty elliot wave

Long
NSE:BANKNIFTY   NIFTY BANK
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1
Bank nifty gave fantastic upmove on 24th Aug which signifies wave 5th of impulse wave structure. Possible targets are 0.618 and 0.786.
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Might form ending diagonal in final leg.
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Always trade what you see, don't trade what you feel!
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Always use stoploss. Don't be in open ended trade.
Never risk more than 5% of capital in single trade.

Comments

What about Nifty?
Reply
@TKMum nifty is also in bullish mode.. if market open gap up, then wait for 16700 to break then trade.. if market reject at 16700, then market might form double top. use stoploss while trading.
+1 Reply
Thank you
+1 Reply