bank nifty is forming a elliot wave formation.....right now bank nifty is in consodidation mood....if it break the first trendline..thn we can see downfall upto 29000 and thn to 28000
swing trading opportunity
Two Trendline break at the same time with big volume
CMP = 488
Target = 456
stoploss= 524
lot size = 1200
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WITH CONTINUATION FROM DAILY TO 4 HOUR TIME FRAME -
THERE SEEMS TO BE DESCENDING TRIANGLE FORMATION
CURRENTLY ITS TAKING SUPPORT @ TREND LINE OF FORMATION
A BREAK BELOW - FALL WHICH WILL COINCIDE WITH DAILY FRAME ANALYSIS.
IF NOT CAN GO BACK TO RETEST NECK LINE
ON WATCH-LIST NOW
...
Yes bank turns a buy for MACD Indicator as Care has upgraded the various bonds , can place assurance upto certain time on Yes bank Right time to buy target 25.30 for long term
The NIFTY is raising up continuously which practically requires some Retracing or Correction for Certain Limit.
So its predicted to be Bearish for tommorrow.
