nirav5

Bearish Gartley or BAT is in the making on BANKNIFTY

NSE:BANKNIFTY   NIFTY BANK
54 2 3
We are in the making of D leg of a harmonic pattern . 1st target can be at around 20380 where the hourly gap is there. Second target can be near 20500 or it can go till 20600. From there one can initiate short position only after confirming the harmonic pattern .
From Bearish Gartley to Bullish Cypher
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Banknifty is in its D leg of Bullish Cypher. First Possible completion area (PRZ) around 19540 to 19550. Need to check Fibonacci levels for the Potential reversal area.
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