India Bank Nifty is again at support zone 19000 to 19300.. As per elliot wave analysis 22400 is still possible as long 18950 is held.. I would be making more at this level and keep strict stop loss at 18950 and will be sitting tight till 22200 to 22300 ..Wave B target of 22400 at a minimum retracement of 38.2 .. This trade is highly risky keep stop loss strict at 18900... reward 10 to 15% return on Bank Nifty
No chance of reversal below 18900... ur capital will be lost.. so have 1% percent strict loss to get ready for next trade .It is elliot wave B.
No chance of reversal below 18900... ur capital will be lost.. so have 1% percent strict loss to get ready for next trade .It is elliot wave B.
Comment:
Below 18900 ... Bank Nifty can go to 10000 to 11000
Comment:
safer to say 18700 it will get ugly.. India BANK NIFTY
Trade closed: stop reached:
but still can come back from 18700.. as of now trade closed...