Banknifty's Long-term Analysis on Daily Chart
Look at the confluence of Feb Ratios. The correction of the whole up-move of 6766 pts (From 37386 on 30th Sep-22 to 44152 on 14th Dec-22) is heading towards Feb 78.6% at 38860 and "c" is also heading Feb 123.6% projection of wave "a" (a=2560 )at approx 38860 (it looks like a-b-c correction)
If it sleeps below 38860, the "c" wave of BN can go next to the 138.2% Feb projection of wave "a" at 38500 lvl or even at 37900 @ Feb 161.8% projection of wave "a" But chances are high that we may see a positive recovery and trend reversal from 38860 level.
If it sleeps below 38860, the "c" wave of BN can go next to the 138.2% Feb projection of wave "a" at 38500 lvl or even at 37900 @ Feb 161.8% projection of wave "a" But chances are high that we may see a positive recovery and trend reversal from 38860 level.
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.