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ShubhamKatiyar

BANKNIFTY some retracement expected !!

Short
BANKNIFTY INDEX FUTURES (NSE:BANKNIFTY1!)  
ShubhamKatiyar  
NSE:BANKNIFTY1!   BANKNIFTY INDEX FUTURES
Chart Patterns BANKNIFTY
115
10
chartpattern banknifty
As per the pattern BNF is currently in complex correction. Here on 1 H TF, it looks like continuation leg (X) (abc) of complex WXY(X)Z has been completed and now its going for retracement. (expected levels= 37489).

It is recommended to trade only in the direction of the trend. Here, in this case I'll wait for the retracement to over.

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