Is Banknifty correction over???
Bnf has shown a good buying pressure and opened gap up breaking the upper trendline.
Had to rework on my wave count and chart patterns.
Bnf did sustain above the trendline and gave a closure about it.
Hence above the trendline it is bullish and will continue making wave 5 if it sustains the bullish momentum.
If bnf moves below the trendline then it will call for a complex correction.
Stay safe and trade safely.
Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.
Had to rework on my wave count and chart patterns.
Bnf did sustain above the trendline and gave a closure about it.
Hence above the trendline it is bullish and will continue making wave 5 if it sustains the bullish momentum.
If bnf moves below the trendline then it will call for a complex correction.
Stay safe and trade safely.
Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.
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