BANK NIFTY ANALYSIS

Intraday Update: 2.30 Pm:

The Three drive pattern is active now.. targetting 18600-550.

http://930e888ea91284a71b0e-62c980cafddf9881bf167fdfb702406c.r96.cf1.rackcdn.com/data/tvc_18e51ad76b78a03ff231ea09a2cb019b.png

The Pattern is taking shape of a Bullish Gartley targetting 18600-550.

http://930e888ea91284a71b0e-62c980cafddf9881bf167fdfb702406c.r96.cf1.rackcdn.com/data/tvc_6e96f8b770d1ba8e17c2a5d945170284.png

18600-550 expected target is the channel Bottom of Day TF.

PRE MARKET VIEW:

BN resisted at 19000 and found support at 18850 -800 yesterday. Break of 18800 would lead to 18600.

the Bearish wolfe wave will be negated above 19000.

Trade Plan:

SL for the shorts initiated yesterday is trailed to 18950 - partbook at 18650-600 on breakdown.