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.
Note
Below 18900 ... Bank Nifty can go to 10000 to 11000Note
safer to say 18700 it will get ugly.. India BANK NIFTYTrade closed: stop reached
but still can come back from 18700.. as of now trade closed...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.