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bijoy2526
May 24, 2020 2:40 AM

BULLISH CYPHER IN BANK NIFTY Long

Nifty Bank IndexNSE

Description

BODY AT 'D' CLOSES JUST AT 78.6 RETRACEMENT OF XC.
LOOKING FOR REVERSAL FROM THIS POINT.
TARGETS SHOWN AS FIB LEVELS FROM C TO D AS SHOWN THE CHART.
STOP LOSS AS PER RULE SHOULD BE BELOW X.
HOW EVER PLEASE OBSERVE LOW OF FRIDAY IS BREACHED OR NOT.

Comment

IF BANK NIFTY CLOSES BELOW FRIDAY'S LOW THEN IT MAY INVALIDATE THE PATTERN.

Comment

SORRY B IS DISPLACED IN THE CHART LET ME REPUBLISH IT

Comment

Comment

IDEA REMAINS SAME

Comment

like my post if it is helping you.
follow me to get such ideas.
Comments
sugandhbhatia
PRASAHE8
Your Views overwhelmed and in tune with me. Do post only on Banknifty.
Regards.
sivaprakasamp
Thanks Sir, are you expecting a similar retracement for Nifty?
bijoy2526
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