SirajHudda

BankNifty Outlook - Going High Towards 22000

Long
NSE:BANKNIFTY   NIFTY BANK
BankNifty Outlook looks bullish to me from here.. As per my Wave Analysis.. BankNifty has Complete Wave A and Wave B of Longer Correction.. Where Wave A was an Impulse Wave.. Wave B was a Running Flat Correction and Now Wave C is in progress which should be Impulsive as per my analysis.. which means we can get Targets of 22000 or higher for BankNifty very quickly from here on..

However, If BankNifty goes below the low of Wave (B) as per my chart then this complete pattern would go wrong..

I would trade by going long on BankNifty and Keep Stoploss just below Wave B and look for Targets of 22000 and Higher..

Note: Its just my analysis and how I look at charts and markets as of now..

Happy Trading!
Trade closed: target reached

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.