My previous analysis is still valid. Just the correction is being extended.
Disclaimer: This is just my personal view. You are advised to rely on your own analysis while taking trading decisions.
Disclaimer: This is just my personal view. You are advised to rely on your own analysis while taking trading decisions.
Note
Nifty Trade setup for 27-May-2021Note
BankNifty Trade setup for 27-May-2021Note
The above two charts are for 28-May-2021Note
Invalidate my whole analysis if breaks today high (nifty 15455.55 and banknifty 35436.65)Note
Nifty broke the high. I expected ABC from yesterday, but now based on formation, it is impulse.In BankNifty, see the wave formation from 24th May low to today high, it is clear ABC-X-ABC. Then how can it go up. There is small pass.
Nifty
BankNifty
Note
There is no way to break today's high. Suppose if breaks, this type of wave formation I could not decode.Note
If happens as per analysis, then the fall should be sharp and quick and should not take time.
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.
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.