Bank Nifty continued to move up and made high of 18245. Below is 15 min chart of Bank Nifty:
Wave 4-(B) completed at 17829 and wave 4-(C) moved up sharply and probably completed at 18245. Wave 4-(A) and wave 4-(B) both terminated in ED and even 4-(C) looks like ending in ED, that gives me a sense that there is high probability of Wave 4 being a triangle pattern. So we may see 4-(D) and 4-(E) before it reverses to complete wave 5 of ED on bigger time frame.
Comments
Post a Comment