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Manickamtraders

#Banknifty directions and levels for FEB 16th

Nifty Bank Index (NSE:BANKNIFTY)  
Manickamtraders  
NSE:BANKNIFTY   Nifty Bank Index
Harmonic Patterns Chart Patterns Elliott Wave BANKNIFTY bankniftytradesetup bankniftyanalysis bankniftyview bankniftylevels bankniftyintradaylevels bankniftyintraday bankniftytomorrow bankniftyintradaysetpup
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harmonicpatterns chartpattern elliottwaves banknifty bankniftytradesetup bankniftyanalysis bankniftyview bankniftylevels bankniftyintradaylevels bankniftyintraday bankniftytomorrow bankniftyintradaysetpup
#Banknifty
For BankNifty, there seems to be a similar sentiment where it's in the 5th wave of a diagonal structure. If it rejects around the immediate resistance level (78), there's an expectation of a correction, with a minimum retracement of 23 to 38%.

However, if the gap-up sustains or breaks the immediate resistance, then the rally is likely to continue.
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.