It is moving inside a descending broadening wedge pattern similar to NIFTY50.
Expecting BANKNIFTY to hit 34900-35000 level before the last dump towards 32000 level if it will form Adam & Eve pattern I have highlighted as V shaped bottom and rounding bottom.
Only if the 5th wave is overextended, it can reach the edge of the pitchfork at 30180 level.
Both the scenarios are possible.
35000 level is at the confluence of 20 MA, trendline resistance and the top of the runaway gap which is going to get filled.
Will update as pattern unfolds in near future.
Do your own due diligence before taking any action.
Peace!!
Expecting BANKNIFTY to hit 34900-35000 level before the last dump towards 32000 level if it will form Adam & Eve pattern I have highlighted as V shaped bottom and rounding bottom.
Only if the 5th wave is overextended, it can reach the edge of the pitchfork at 30180 level.
Both the scenarios are possible.
35000 level is at the confluence of 20 MA, trendline resistance and the top of the runaway gap which is going to get filled.
Will update as pattern unfolds in near future.
Do your own due diligence before taking any action.
Peace!!
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.