BANK NIFTY open equal to high (bearish signal)
Consecutive two NR7 days yes great move was expected.
In immediate update I had advocated to put stop loss for any
long position.
Vital black line indeed a critical line of the entire move of bank nifty.
Incessant selling today brought bank nifty to wl line of the pitch fork.
I was expecting a bounce from that line and 37400 ce value jumped sub 300 level to more than 700.
In this up move of bank nifty in last few days, we have accomplished 5 wave move to upside and this may be 1 st wave of final 5 th wave
this correction of today may be 2 nd wave. It retraced 50 percent of 1 st wave.
not yet sure. hence only when that black line is taken out we can see further up movement.
tomorrow it will be obvious.
In immediate update I had advocated to put stop loss for any
long position.
Vital black line indeed a critical line of the entire move of bank nifty.
Incessant selling today brought bank nifty to wl line of the pitch fork.
I was expecting a bounce from that line and 37400 ce value jumped sub 300 level to more than 700.
In this up move of bank nifty in last few days, we have accomplished 5 wave move to upside and this may be 1 st wave of final 5 th wave
this correction of today may be 2 nd wave. It retraced 50 percent of 1 st wave.
not yet sure. hence only when that black line is taken out we can see further up movement.
tomorrow it will be obvious.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.