After forming the top on 28 Dec, 2023 banknifty has corrected exactly 61.8% of the previous uptrend of 42100 - 48600
Additionally, the correction took exactly 21 trading days - 21 is a fibonacci number - after which the current uptrend started from 44440 on 25 Jan, 2024
Both these factors suggest that we might have completed the correction and a new uptrend in underway
Please do your own research, I may be wrong
Additionally, the correction took exactly 21 trading days - 21 is a fibonacci number - after which the current uptrend started from 44440 on 25 Jan, 2024
Both these factors suggest that we might have completed the correction and a new uptrend in underway
Please do your own research, I may be wrong
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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.
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.