For Educational purpose only Middle of C correction. Magnetized towards 29900 Scenario may change, if there is any big news, events etc
Enter 11602. Sl 11590. T1 11620 or 10 pts
More data required for confirmation. For educational purpose only.
Dynamic bar by bar real time on-line analysis required for exact entry for short and SL. Major News and events may change the proposed scenario. For educational purpose only.
Candle closing below the support level triggers the SL. Educational Purpose only. News, Major events may change the proposed scenarios.
Nifty in correction block A and may rise towards 11882 or may enter into a correction block B to test at 11560 News, major events, exit polls, earning reports etc may completely change assumed scenarios.
Deceleration might be ON or might consolidation above 30000, if it is due for impulse W5
Negative divergence MACD
BV Setup This only for Educational purpose.
Positive divergence may Develop after correction
Complex correction - microwave 4 pattern
Banknifty may successfully breakout (70% probability), however there is a need to check the post breakout price action (real-time bar by bar analysis) for further confirmation.
If market provides opportunity to catch 242 or 243 is a good catch for 7 to 10% gain in another 2 months with Stop loss (SL) of 3%.
End of negative divergence has a demand zone for uptrend.