We went through the charts, and since 2022, Bank Nifty has been hitting the 127% extension and then correcting 8-10%.
People say history repeats itself, and if this is true, we might see a 5000-point fall in Bank Nifty.
This analysis is for educational purposes only. Please do your own analysis before making any financial decisions.
Regards,
Team WaveMoku
Kalyan Jewellers- Very interesting and peculiar pattern. The rounding bottom happens since the beginning of its launch. Initially 60% RB target, next RB target is 30%, next RB target is 16%, next RB target is 8% achieved. now it should form a rounding bottom with the target of 4%. Lets watch how it goes. Nothing much to buy in it as it is gradually slowing down....
ITC uptrend reversal and RSI breakout on daily chart.
One repetative pattern found
In every 69bars price touch from lower trend line to upper trend line
and increase in price of Rs-74.
if it follow same pattern it will touch Rs:270+ by october end with stoploss of 190.
Its my personal observation do investment after consulting your financial...
