#BankNIfty - Expiry Special Analysis for 11th June'2020.
Bullish Gartley Pattern, Target is 161.8% of A to D i.e. 22,278
My Previous Analysis remains as-is:-
#Banknifty 21,187 seems to be in the 5th wave of the current up move.
The target of wave 5 is a min of 61.8% to 123.6% of Wave 1 ( 17,313 to 19,450: 2,137 Point).
Today's high is 21,805 which is 69.3% of wave 1, so we rally don't know wave 5 of the up-move is completed or not, which we will come to know in a few days.
If the current upmove continues the target on upside comes to 22,454 (100% of Wave 1)-22,660 (38.2% of fall - 31,649 to 17,105) zone ans next target is 24,194 (123.6% of wave 1 ) - 24,377 (50% of fall - 31,649 to 17,105).
The current up move structure will remain valid, till 20,317 holds.
All positional SL of long is 20,317.
I will prefer to buy in dips with SL of 20,317 as SL or I will try to capture breakout trade above 21,967 for higher targets
#banknifty
My Previous Analysis remains as-is:-
#Banknifty 21,187 seems to be in the 5th wave of the current up move.
The target of wave 5 is a min of 61.8% to 123.6% of Wave 1 ( 17,313 to 19,450: 2,137 Point).
Today's high is 21,805 which is 69.3% of wave 1, so we rally don't know wave 5 of the up-move is completed or not, which we will come to know in a few days.
If the current upmove continues the target on upside comes to 22,454 (100% of Wave 1)-22,660 (38.2% of fall - 31,649 to 17,105) zone ans next target is 24,194 (123.6% of wave 1 ) - 24,377 (50% of fall - 31,649 to 17,105).
The current up move structure will remain valid, till 20,317 holds.
All positional SL of long is 20,317.
I will prefer to buy in dips with SL of 20,317 as SL or I will try to capture breakout trade above 21,967 for higher targets
#banknifty
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.