Bank Nifty Trading Strategy for 20th Nov'2020

subhagghosh Premium Updated   
#banknifty view on 20th Nov'2020.

Decision Zone: 29,030 to 29,150

Upper targets:- 29,368 / 29,620 / 29,914 / 30,220 / 30,515 / 30,702 / 30,998 / 31,180

Lower Targets:- 28,931 / 28,723 / 28,640 / 28,431 / 28,315 / 28,057

Trend Reversal levels:- 29,030.

Elliott Wave:- Wave 5 likely is complete until we cross 29,785 in the next few days.

If we have to assume wave 5 is complete and we are heading for an ABC correction, the problem is there is no way to calculate wave A until it's complete and then we can decide the rest of the movement, the same way we can't calculate wave 1 until it is completed.

SL for all positional long is 27,703

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.
Trade closed: target reached


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.