Nifty Bank IndexLong
Expiry Special Analysis for 9th July'2020, #banknifty
#banknifty:- Nothing has changed, the structure is still bullish.
SL for all long trades:- 21,768
Decision Zone 22,832-22,752
Resistance Zone:- 23,000 - 23,100
Suupport Zone:- 22,374 - 22,442 / 22,022 - 22,170
52W H :- 32,613
52W L :- 16,116
38.2 % 22,428
50.0 % 24,365
61.8% 26,311
Wave 2 is 21,967 to 17,195, so 50% of this wave is 24,398 which coincides with 50% of the fall 24,365.
As per wave structure, the next logical target above 22,418 is 24,365.
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.