BANKNIFTY seems to be in 2nd wave.... And it might open GAP UP. The retracement of wave 1 is appx 93% The invalidation for the analysis is 35430 (that can act as SL for longs)
Always understand the risk in the underlying security.
Thank you.
Komen
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Sorry guys the analysis was invalidated as it crossed the invalidation level mentioned on the char.
Komen
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Will come up with some good chart patterns and analysis.