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SirajHudda

BankNifty Outlook - Going High Towards 22000

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Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Wave Analysis BANKNIFTY bankniftytradesetup bankniftylong bankniftytrading longsetup wavetrading nifty50 niftyindia
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trendanalysis chartpattern waveanalysis banknifty bankniftytradesetup bankniftylong bankniftytrading longsetup wavetrading nifty50 niftyindia
BankNifty Outlook looks bullish to me from here.. As per my Wave Analysis.. BankNifty has Complete Wave A and Wave B of Longer Correction.. Where Wave A was an Impulse Wave.. Wave B was a Running Flat Correction and Now Wave C is in progress which should be Impulsive as per my analysis.. which means we can get Targets of 22000 or higher for BankNifty very quickly from here on..

However, If BankNifty goes below the low of Wave (B) as per my chart then this complete pattern would go wrong..

I would trade by going long on BankNifty and Keep Stoploss just below Wave B and look for Targets of 22000 and Higher..

Note: Its just my analysis and how I look at charts and markets as of now..

Happy Trading!
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SirajHudda
BankNifty Update 19th July 2020 - Uptrend Continues
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