#BANKNIFTY Short Term Positional View - Delta Update 20th Dec'20
Adding to what I posted on 12th Jan:-
The analysis shows one primary trend:- Wave 4 is complete and wave 5 is in progress.
Apart from this, the chart shows two intermediate & two minor correction cycle (completed)
Wave 1 is from 20404.9 to 24,823.6 i.e 4418.7 point rally
Wave 5 probability factor:-
15% probability to wave 5 to touch 30,611 to 31,132 (32.2% to 50% ) - Done 30% probability to wave 5 to touch 31,653 to 32,413 (61.8% to 78%) 40% probability to wave 5 to touch 32,413 to 33,342 (78% to 100%) 15% probability to wave 5 to touch 33,342 to 36,072 (100% to 161.8%)
Stoploss for positional long is 29,900.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Correction will start after completing 5th wave?
And if so then what is this correction which is going on evry other day in bank nifty. Also can you give support and resistance level for monday
subhagghosh
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@SANDEEP_1989 Time correction on minnor trends happening.
And if so then what is this correction which is going on evry other day in bank nifty. Also can you give support and resistance level for monday