ruebennase

NIFTY Bank, weekly, Log scale

NSE:BANKNIFTY   NIFTY BANK
99 0 6

Hello Traders,
today lets have look to NIFTY             0.28% Bank, which shows one of the most clear wave structure of all Major Indexes at India....
With the longest, to me, avaliable charthistory there is no need to say many words.
The wave structure looks really clear and NIFTY             0.28% Bank is rising in a wave (3) of 3 of (( iii             0.15% ))) of ( iii             0.15% )....
While VIX             -7.96% stay at his low readings, it support that view on a long tem basis.
I will update this chart if some relevant patterns occur or other reason tell me to do so...
Have a great week ahead
ruebennase
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