Refer Previous banknifty analysis below.
Banknifty today started wave 3 which clearly visible with bullish candlea getting formed tomorrow gap up most likely to happen.
Internal iii of 3 looks to retraced 0.382 fibonacci which is irregular correction on 5 min chart.
Internal Wave iii of 3 reached 1.618 fibonacci level which was day high. So now wave v of 3 likely to go 100% or more of i+iii
Wave 3 most of the time 45% goes 1.618 fibonacci extension level which is at 37200.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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Banknifty today started wave 3 which clearly visible with bullish candlea getting formed tomorrow gap up most likely to happen.
Internal iii of 3 looks to retraced 0.382 fibonacci which is irregular correction on 5 min chart.
Internal Wave iii of 3 reached 1.618 fibonacci level which was day high. So now wave v of 3 likely to go 100% or more of i+iii
Wave 3 most of the time 45% goes 1.618 fibonacci extension level which is at 37200.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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Trade closed: target reached
