BankNifty's Elliott Wave : Can It Reach Targets 49250+ & 49650+

21 Oca

As Elliotticians, this is one of the cardinal rules often overlooked, leading analysts and traders into traps. However, knowing the "line in the sand" where you could go wrong—48610—is crucial.

Getting the opportunity and executing the trade is another challenge, leaving no room for emotions. Emotions in trading can be dangerous; in fact, managing emotions is equally important in real-life decision-making.

As discussed earlier today, just 60 minutes ago, the question remains: Can we touch 49250+ and 49650+ upside targets?

Always consult your financial advisor before making any trades.

Regards,
WaveTalks
Market Whispers - Can You Hear Them?

21 Oca

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Bank Nifty

Last: 48488 | 21st Jan 2025 | Time: 2:53 pm

The index dipped below the key level of 48610 and made a new low at 48430. However, the outlook remains bullish unless the index breaks below the critical level of 48300.

Always consult your financial advisor before making any trades. Thank you