Expiry Special Analysis for 15th Oct'2020.
#banknifty analysis for 15th Oct'2020.
Today's movement made it clear, the uptrend that started from 20,405 has still some steam left. If the last two days correction is taken into account the wave 4 ( pullback) is completed at 23,149 and wave 5 is in progress which gives us three targets 24,833 / 25,231 / 25,476.
The wave structure will damage below 23150 and hence this will become SL for all existing long trades for the short term.
Important:- If 24,200 is crossed, pls don't dare to short this market.
The decision Line is 23,650 (above long and below short).
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.
Today's movement made it clear, the uptrend that started from 20,405 has still some steam left. If the last two days correction is taken into account the wave 4 ( pullback) is completed at 23,149 and wave 5 is in progress which gives us three targets 24,833 / 25,231 / 25,476.
The wave structure will damage below 23150 and hence this will become SL for all existing long trades for the short term.
Important:- If 24,200 is crossed, pls don't dare to short this market.
The decision Line is 23,650 (above long and below short).
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.
Related publications
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.