BANK NIFTY at the support.
Updated
one leg of flat correction appears to be over
as bank nifty precisely touching the target.
please watch the arrow mark in the chart.
and warning line of pitch fork is also suggesting over sold condition.
so now is it supposed to bounce?
If indeed we have completed 5 wave up move then bank nifty may not stop with small correction.
It is hardly 23.6percent of entire move.
we may get another correction after some bounce.
Let us see how it is shaping today and Monday.
Did you see my yesterday morning post of bank nifty?
How accurately it achieved the target.
don't forget to like this post.
follow me to get updates.
as bank nifty precisely touching the target.
please watch the arrow mark in the chart.
and warning line of pitch fork is also suggesting over sold condition.
so now is it supposed to bounce?
If indeed we have completed 5 wave up move then bank nifty may not stop with small correction.
It is hardly 23.6percent of entire move.
we may get another correction after some bounce.
Let us see how it is shaping today and Monday.
Did you see my yesterday morning post of bank nifty?
How accurately it achieved the target.
don't forget to like this post.
follow me to get updates.
Note
200 dma not shown in the chart.Note
Note
this should be correct wave count. In the chart published I had placed wave 5 well below wave 3
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