Nifty Bank IndexShort
Bank Nifty Trading Strategy for 5th June'2020
A rally of 4514 or 26% point from 17105 to 21619 was covered in 50 bars (12 Days).
The short term high of 21,619 has been made what it seems.
Use a bounce to short and the downsize target is 18,830 by 10th June.
Note:- Analysis fails if BN crosses 21,619.
The original target of 23,300 still holds but retracement first then the next move.
#banknifty #niftybank #elliotwave #trading
The short term high of 21,619 has been made what it seems.
Use a bounce to short and the downsize target is 18,830 by 10th June.
Note:- Analysis fails if BN crosses 21,619.
The original target of 23,300 still holds but retracement first then the next move.
#banknifty #niftybank #elliotwave #trading
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.