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Bankniftyanalysis

Bank Nifty Elliott Wave possibilitiesThe idea presents two possibilities on Bank Nifty as follows: 1. corrective move: this suggests that bank nifty is moving down in a double zig-zag pattern where the index is currently in wave b of wave y. post which the index should head higher in at least three waves if not five. 2. Impulsive move: this suggest that index is heading down in an impulsive manner which is shown as an alternate count in green colour. The index seems to be in wave 4 of wave 1 or wave a (that remains to be seen). Whatever view plays out, I will update the idea accordingly Summary: both the possibilities suggest a down move in the near future. Thanks for reading :)
NSE:BANKNIFTY
by barefootTrades
Buy Bank Nifty Intraday levelsBankNifty is trading in a range, and now it has taken support at lower range and also given a breakout of falling tredline in short term so we can assume a bounce back for 200-400 points in banknifty. So if anyone wants to go long from this levels can go right now it is trading at 39085 keep stop loss at 38875 and go for target 39300/39400/39500+. Chances are high for bounce back from these levels but still follow strict stop loss to take this trade. If anyone likes my work please like follow and comment. Thankyou
NSE:BANKNIFTYLong
by TraderRahulPal