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WaveTalks
1 ott 2020 16:11

Bank Nifty - 22365 (Don't Forget The Level) - Bearish Gartley Short

Nifty Bank IndexNSE

Descrizione

Last Fall from 22365 & fails to hold 22300 levels mentioned over the idea. Got the fall 22300 to 21400



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Bearish Gartley From Same Level ------- 22365 ( Very Close) --- If BNF holds "below 22365 / 22300 " then we can expect a drop to 21600 -target & going below 21600 - we can expect more fall

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This idea is not valid above ----------- 22365 highs ***
Commenti
theperumal
This resistance 22365 you are mentioning will be crossed in a jiffy. Just take a look at the Put OI base of Nifty and you will change your view.

Truth is BULLS NEVER DIE and they bounce back from every level. They are like hardworking people and they do their duty irrespective of what happens externally.

Bears are like Kumbakarnan, they have the power to destroy anybody in the battlefield. But most of the time they will be sleeping. So eventually you get few swift bearish moves in a year. But we cannot expect the same thing everytime.
AniketKabir
@theperumal, Agree with your analogy to kumbhkaran. I am a noob in Harmonics, but nature of swings withnessed in last few sessions is very bullish.
theperumal
@sandeepkumarmeenagreaternoida, Thanks. Agreed.
Akshay77
Thank you sir
ShreeKrishna
Hi will it make 21000 in 1st down leg ? need your opinion , Thanks
WaveTalks
@ShreeKrishna, Till it holds below 22770 - It has all chances of cracking down as world markets shall be ready for puke- Any weakness in World markets - need to be careful
ShreeKrishna
@AbhishekHSinghCMT, Thank Q , Abhishek , Happy trading ,
krihar
Thank you
akhil2fast
Very Good analysis as usual. Most likely Monday morning initially will rise and suddenly will reverse many will be stuck Winter is coming :)
Ab0099
If Trump covid news is going on for further few days then, we will going to see 21000 levels again..
Altro