Long! Long! with Bat Formation and Triangle Formation
1. XABCD Pattern on Hour Chart of Bank Nifty
2. indicate XB= 0.517(Near to 0.5) , AC = 0.86( Near to 0.886).
3. Assuming , XD =0.786. BD form at 1.605( Near to 1.61).
4. To Complete Bearish BAT FORMATION on Hour Chart Price on Bank Nifty Must First touch the price of 236664.
5. So, We can go long on Bank Nifty with the Price to 23664.
6. An Ascending Triangle is also Form Near the Bank Nifty 17/4/20 Closing Price.
7. RED LINE DRAWN ON CHART IS THE EXPECTED FLOW OF BANK NIFTY PRICE.
8. All Price Flow Diagram drawn with the help of Fibonacci Retracement.
9. Tomorrow (20/4/20), We may see that Bank Nifty Retest the level of 0.618
10. Sell below 20424 Target: 20286 ,20010 ( Mange your Risk) for 20/4/20.
11. I expect Nifty is going to fall on 20/4/20. So, Bank Nifty also going to fall on 20/4/20
11. Once it check the Price of 19619 You Can Go for Long with Managing your Risk.
ALL ABOVE IS MY OWN PREDICTION. PLEASE TAKE YOUR OWN RISK. IF YOU LIKE THIS STUDY PLEASE CLICK THE LIKE BUTTON. IF WANT TO MORE CHART FROM ME PLEASE FOLLOW ME HERE.
Nota
You will find Recent Nifty analysis on my recent Ideas ColumnNota
BankNifty Ready to touch the Price 19608. Before Take Off.
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.