A Complete impulse wave about to end in #BANKNIFTY
Banknifty is now showing all signs of a longterm completed 5 waves from Mar 20 to Sep 21. The ending diagonal as wave 5 of 5 adds credibility to the structure.
What this means is that if the 38224 high is not broken we are heading to 30000 area in an A-B-C correction. One more slight maybe possible, if it does , we'll relook for a new short entry.
The downside risk is high now. Upside seems limited and not worth betting on
What this means is that if the 38224 high is not broken we are heading to 30000 area in an A-B-C correction. One more slight maybe possible, if it does , we'll relook for a new short entry.
The downside risk is high now. Upside seems limited and not worth betting on
Michael @ SolomonsView
Twitter - @SolomonsView
Twitter - @SolomonsView
