Bank Nifty Trading Strategy for 17th Nov'2020
Decision Line:- 28,520
Upper targets:- 28,660/ 28,880 / 29,000 / 29,180 / 29,340 / 29,850
Lower Targets:- 28,380 / 28,180 / 28,030 / 27,830
Trend Reversal levels:- 28,520.
Elliott Wave:- Wave 4 (29,030.3 to 27,703) seems to be completed at 27,703 ( 34% of Wave 3)
Wave 5 likely in progress:-
Wave 5 is typically 61.8%, 100%, or 123.6% of wave 4 or equal to wave 1
0.618 820 28,523 (Done)
1 1327 29,030
1.23 1640 29,343
1.618 2147 29,850
Wave 1 (23613 -25773) is 2,160
Target of Wave 5:- 28,523 / 29,030 / 29,343 / 29,850
Resiatance Zone:- 29,134 - 29,385
SL for all positional long is 27,550
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Upper targets:- 28,660/ 28,880 / 29,000 / 29,180 / 29,340 / 29,850
Lower Targets:- 28,380 / 28,180 / 28,030 / 27,830
Trend Reversal levels:- 28,520.
Elliott Wave:- Wave 4 (29,030.3 to 27,703) seems to be completed at 27,703 ( 34% of Wave 3)
Wave 5 likely in progress:-
Wave 5 is typically 61.8%, 100%, or 123.6% of wave 4 or equal to wave 1
0.618 820 28,523 (Done)
1 1327 29,030
1.23 1640 29,343
1.618 2147 29,850
Wave 1 (23613 -25773) is 2,160
Target of Wave 5:- 28,523 / 29,030 / 29,343 / 29,850
Resiatance Zone:- 29,134 - 29,385
SL for all positional long is 27,550
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
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