Description
⋅ Is bank nifty heading towards 37k??
2 possibilities
1) we have completed corrective wave with ABC structure and now in the 5th wave
2) we are in the corrective wave X with wave structure of WXYXZ
Positional long can b initiated once breakout on upper side.
Don't chase the market, let the pattern form.
Don't b in open ended trade. Always use SL.
Never risk more than 5% of capital in single trade.