Last two times we had nice up move after two consecutive NR7 days.
This time let us see if it pauses for another day or break out takes place
tomorrow itself.
It appears we are (3) rd of 3 rd wave of in the final fifth wave of this rally.
This(3) wave impulsive wave is clearly visible .
This (3)rd wave may end in the area shown in the chart.
Immediate task for bank nifty is to take out the recent high as shown on the chart.
and it should not violate the recent pivot low as shown in the chart.
If it violates that again it may result in complex correction.
This analysis is for only for educational purpose not any buy or sell recommendation, Consult your financial adviser before taking any position.
If you want to connect to me you can.
Don't forget to like my post.
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This time let us see if it pauses for another day or break out takes place
tomorrow itself.
It appears we are (3) rd of 3 rd wave of in the final fifth wave of this rally.
This(3) wave impulsive wave is clearly visible .
This (3)rd wave may end in the area shown in the chart.
Immediate task for bank nifty is to take out the recent high as shown on the chart.
and it should not violate the recent pivot low as shown in the chart.
If it violates that again it may result in complex correction.
This analysis is for only for educational purpose not any buy or sell recommendation, Consult your financial adviser before taking any position.
If you want to connect to me you can.
Don't forget to like my post.
follow me to get updates
