BankNifty still has LONG way to go.
BankNifty broke a Channel it held since April, Also on smaller timeframe Impulse wave shows Formation of Fifth i.e Bullish wave
If standard Fibonacci Extention for fifth wave is used, We can see 41200 as Next level from where we can see a correction/ consolidation
If standard Fibonacci Extention for fifth wave is used, We can see 41200 as Next level from where we can see a correction/ consolidation
Note
41200 target AchievedTrade closed: target reached
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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.