Banknifty final leg of downmove or there is more?
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Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial advisors before investing/trading.
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Downward impulse wave four iv was sideways double three correction which looks to be completed.
The next move of Banknifty about to be witnessed as wave five v.
This move can take it towards 0.5 Fibonacci retracement 21168 or as per support zone 21404-21027
SL/Invalidation level 22370
Confirmation: Dotted blue line has been broken which was important support line,
Broken down heavily from range 22670-22080
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial advisors before investing/trading.
--------------------------(((((LIKE)))))-------------------------------
Downward impulse wave four iv was sideways double three correction which looks to be completed.
The next move of Banknifty about to be witnessed as wave five v.
This move can take it towards 0.5 Fibonacci retracement 21168 or as per support zone 21404-21027
SL/Invalidation level 22370
Confirmation: Dotted blue line has been broken which was important support line,
Broken down heavily from range 22670-22080
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21274 low made today
