Bank Nifty Analysis for November expiry contract
Note
Elliot Flat Pattern formation ( type b failure) with b wave retracing .707 of a wave. This is a 3:3:5 structure and currently we are in second last segment (4) of 5 wave structure which is corrective and not impulsive.
Mentioned below is the breakup of 4th segment forming in C wave which is a 5 wave pattern. This segment is also a flat formation (type running) with b wave retracing more than 1.6182 of a wave and hence c wave not able to get into the a wave zone and retracing only 0.3182 of wave b in this segment.
Monday to Thursday will be to be range bound with upthrust most likely on Friday 15th November.
Elliot Flat Pattern formation ( type b failure) with b wave retracing .707 of a wave. This is a 3:3:5 structure and currently we are in second last segment (4) of 5 wave structure which is corrective and not impulsive.
Mentioned below is the breakup of 4th segment forming in C wave which is a 5 wave pattern. This segment is also a flat formation (type running) with b wave retracing more than 1.6182 of a wave and hence c wave not able to get into the a wave zone and retracing only 0.3182 of wave b in this segment.
Monday to Thursday will be to be range bound with upthrust most likely on Friday 15th November.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.