#BANKNIFTY Short Term Positional View - Delta Update 20th Dec'20

#BANKNIFTY Short Term Positional View - Delta Update 20th Dec'20

Adding to what I posted on 12th Jan:-

The analysis shows one primary trend:- Wave 4 is complete and wave 5 is in progress.

Apart from this, the chart shows two intermediate & two minor correction cycle (completed)

Wave 1 is from 20404.9 to 24,823.6 i.e 4418.7 point rally

Wave 5 probability factor:-

15% probability to wave 5 to touch 30,611 to 31,132 (32.2% to 50% ) - Done
30% probability to wave 5 to touch 31,653 to 32,413 (61.8% to 78%)
40% probability to wave 5 to touch 32,413 to 33,342 (78% to 100%)
15% probability to wave 5 to touch 33,342 to 36,072 (100% to 161.8%)

Stoploss for positional long is 29,900.

Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.