BANKNIFTY some retracement expected !!
As per the pattern BNF is currently in complex correction. Here on 1 H TF, it looks like continuation leg (X) (abc) of complex WXY(X)Z has been completed and now its going for retracement. (expected levels= 37489).
It is recommended to trade only in the direction of the trend. Here, in this case I'll wait for the retracement to over.
It is recommended to trade only in the direction of the trend. Here, in this case I'll wait for the retracement to over.
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