Bank Nifty-Post Wedge Crack from 45500-600 - Buying Opportunity?
Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
As discussed over the HDFC Idea
Got an explosive upside move in Bank Nifty & pattern looks to be terminated downside with a falling wedge.
Post wedge- Bank Nifty jumped 1231 points appx. As updated recently we were looking for 1500+ points as logical target upside towards 46500+ out of which it rallied 800+ points in the 1st hour of trading today i.e. 29th Jan 2024
Second Buying Opportunity
Plan your buying trades above 45700 breach on upside or wait for retracement of the the move 44429 to 45660 as another buying opportunity or strategy.
Stoploss
View becomes invalidated if Index drops below 44429 lows - In that case, fall may extend downside further & to be reviewed later.
Expected Upside Target
46500+ with halt in 45500- 45600 zone as suggested over HDFC Idea this morning, holding above 44429 - recent low
From
WaveTalks
Market Whispers! - Can you hear them?
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
As discussed over the HDFC Idea
Got an explosive upside move in Bank Nifty & pattern looks to be terminated downside with a falling wedge.
Post wedge- Bank Nifty jumped 1231 points appx. As updated recently we were looking for 1500+ points as logical target upside towards 46500+ out of which it rallied 800+ points in the 1st hour of trading today i.e. 29th Jan 2024
Second Buying Opportunity
Plan your buying trades above 45700 breach on upside or wait for retracement of the the move 44429 to 45660 as another buying opportunity or strategy.
Stoploss
View becomes invalidated if Index drops below 44429 lows - In that case, fall may extend downside further & to be reviewed later.
Expected Upside Target
46500+ with halt in 45500- 45600 zone as suggested over HDFC Idea this morning, holding above 44429 - recent low
From
WaveTalks
Market Whispers! - Can you hear them?
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Last @ 45411
Intraday low at 45203
We got the retracement as suggested from the day high 45500-45600