Buy 495 SL 485 TGT 520 Educational only. For my personal observation.
It has activated an Ichimoku C Clamp which is suggesting a retest of 2175. View would go wrong if it trades above 2425.
for personal eperimental observations
will wait for either side break thing dont look easy as they seem confused set up for me
Educational Purpose.
It has reversed from a Bearish Harmonic Alt Shark in hourly time frame and done a min 38% retracement. There is a possibility of a trend line breakout ONLY if it manages to break "above 328" for 360 where it has a Bearish Harmonic Butterfly. Failure to cross would see continuation of retracement till 50-62%
Bank Nifty trading in the trend line channel. On the upper side major supply zone @ 21500-21800 and downside short turm major demand zone @ 19000-19200. Also, there is trendline support near the demand zone. In any case, if Bank Nifty will break and sustain below 19000 then minimum 1000 points downside range will open. The yellow zone is an OTM option...
#falling wedge -price continuation....