Bank-nifty: Has it completed correction?

14 thg 1, 2023

Banknifty has broken the long time trendline and closed below it for consecutive 2 days.
In last trading session it came to retest the trend line but could not close above the line.
Let's see if the trendline reject the price or price close above the line. If price remain
below trendline its not a good news for long traders. 41500 is a rock-solid support for
Bank-nifty.
I am personally hoping to have 1 more leg upside for wave 5 in daily time frame.

Please see all the levels are mentioned on the chart. My follower understand may labeling.

Thank you for your support.

Regards

14 thg 1, 2023

Ghi chú

Have explained the chart on you tube also.

16 thg 1, 2023

Ghi chú

I am still hoping the above view will come true..!

16 thg 1, 2023

Ghi chú

video uploaded on you tube can like share subscribe

18 thg 1, 2023

Ghi chú

Buying can be made from 42175-42130

18 thg 1, 2023

Ghi chú

SL 42000