Owing to Global weakness - Banknifty has fallen from 18500 -18250 levels. 18300 is 200 DMA and 18330 is 50 DMA - A FAST RISE BETWEEN 50 DMA AND 200 DMA. An EOD close above 18300 would be an initial step for Bounce back.
The BEARISH WOLFEWAVE (24 JULY 2014) has reached its final target. The Bullish Gartley pattern is completed.
Time to Exit shorts taken at 19000.
3 comments:
Great work friend. Enjoying your studies.
Thank you Sir - Nice to see your comment after a long time :)
Thank you madam. I am happy to see your post after a long gap. Welcome back.
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