Expecting some bullishness in banknifty in the next few days
After forming the top on 28 Dec, 2023 banknifty has corrected exactly 61.8% of the previous uptrend of 42100 - 48600
Additionally, the correction took exactly 21 trading days - 21 is a fibonacci number - after which the current uptrend started from 44440 on 25 Jan, 2024
Both these factors suggest that we might have completed the correction and a new uptrend in underway
Please do your own research, I may be wrong
Additionally, the correction took exactly 21 trading days - 21 is a fibonacci number - after which the current uptrend started from 44440 on 25 Jan, 2024
Both these factors suggest that we might have completed the correction and a new uptrend in underway
Please do your own research, I may be wrong
כתב ויתור
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