Bank Nifty- Trading in range 17950-18740- Wait for the break

NSE:BANKNIFTY   Nifty Bank Index
Going above 18740- BN indicates that choppy move down from 20310 is all done for wave-X in larger wave-(2) likely to start wave-Y which should finish the complete corrective sequence. This whole pattern becomes invalid once BN moves above 20576.

Trading Strategy

Going above 18740 shall open deep upside or below 17950 could give downside, but shall be limited- which needs to be checked again once it moves below.

Related Analysis Attached below

Best Regards,
Abhishek H. Singh
​Growth Director - TradingView India

YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle

Telegram Handle

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.