subhagghosh

#BANKNIFTY View for next 2 days

NSE:BANKNIFTY   Nifty Bank Index
🔸 Inverted Hammer in 1 HR TF in uptrend.

🔸 Evening start formation on 15 min TF

🔸 If we assume we are in ABC correction, Wave C can extend to 1.618 - 2.618 of WAVE A:- 36.451 & 35,647

🔸 The invalidation of Zig-Zag Correction will be over above 37,752

🔸 Better to avoid random longs, one is above 38K or once the WAVE C is completed.

Always trade what you see, not what you feel.

Regards,
SG

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