Bank Nifty - Emotional Trap Above 26K+ (Butterfly Can Trouble) (Note- Please read the levels carefully- Last Nifty Idea was suggested not valid above 11930 levels- You need to manage your own risk)
-------------------------------------------------------------------------------------------------------------------------------
Idea in Nifty (History May Repeat Again) - suggested that -Expected X-Wave can be 3-Wave Sequence (if crosses 12025 highs)
-------------------------------------------------------------------------------------------------------------------------------
Bank Nifty
• Butterfly above 26K+ can trouble
• Is this the Emotional Trap?
• Post Leading Diagonal which finished at 25232 Highs- Index looks to be running into irregular
correction which at times can deceive traders by its look & appearance- make you believe that it
was an impulse move
• Butterfly can stretch 127 to 162% anywhere in between & has reached minimum criteria of 127% -
which is the lower levels for butterfly harmonic pattern
• Manage your risk & trade accordingly.
Thanks for reading & have an exciting week ahead.
Regards,
Abhishek
