Nifty Bank IndexLong
BANKNIFTY 5th wave or correction stage ?????
As per chart it looks like 5th wave has started and it trends then it will go above or least test the higher levels of wave 3.
Until and unless 5th wave is above the blue line it is tend to go up. As highlighted it is taking support on the blue line.
Do not expect any upside momentum in BnF until and unless it breaks upside.
The moment it breaks downside of blue line of 5th wave then we can expect the 4th wave to continue its correction momentum and 5th wave will be invalid.
Stay safe and trade safely.
Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.
Until and unless 5th wave is above the blue line it is tend to go up. As highlighted it is taking support on the blue line.
Do not expect any upside momentum in BnF until and unless it breaks upside.
The moment it breaks downside of blue line of 5th wave then we can expect the 4th wave to continue its correction momentum and 5th wave will be invalid.
Stay safe and trade safely.
Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.
Related publications
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.