palashm24

Banknifty Futures Ready to go up! 8th june

Long
NSE:BANKNIFTY1!   BANKNIFTY INDEX FUTURES
AB=CD pattern formed in banknifty futures shows upward momentum.
Applicable to banknifty index as well.. if banknifty open gapup. then this might not be applicable. look for fib levels given for exit. Good luck.



Note:- i am new to tradingview. this is my first post.

Comments

boom after 5 minut candle banknifty went up like rocket.. my analysis worked. In afternoon hours i knew rally ended and it will fall down eventually. but didnt expect a long fall ..
Reply
pattern worked ! see the banknifty today. also divergence was there. from B to D point.
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this is analysis for 9th June.
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