Bank Nifty on its final Impulsive Wave-5 ending at 1.236-1.618??
Bank Nifty on its final Bullish Impulsive Wave-5 ending at 1.236-1.618 from the previous Co-VID time crash low????
The final range of retracement for Bank Nifty assume to be around 40800-45600+
So, any retracement from here should be ideally a no-trade zone, above 45600 new Wave zone anticipated and below 40800, it is a blind sell with stop @ 41500 as interim safe stop
Tgts can be previous Wave ranges viz., 37800-30300 and so on. But, before the wave starts, a confirmation of an Impulsive Bearish Wave is to be obtained. Hence, avoid aggressive longs for now until we see atleast a weekly cls below 40800 for now.
The final range of retracement for Bank Nifty assume to be around 40800-45600+
So, any retracement from here should be ideally a no-trade zone, above 45600 new Wave zone anticipated and below 40800, it is a blind sell with stop @ 41500 as interim safe stop
Tgts can be previous Wave ranges viz., 37800-30300 and so on. But, before the wave starts, a confirmation of an Impulsive Bearish Wave is to be obtained. Hence, avoid aggressive longs for now until we see atleast a weekly cls below 40800 for now.