BANKNIFTY moved very close to target zone of this wave B (Primary). Just away by about 100 odd pts. and bounced. But it appears to be doing a counter-trend move to may be around 10400 before making a final dash to target area 9840.
Any move above 10600 would mean we have made the bottom and headed for Wave C (Primary) up to complete Wave B (Cycle). Looking forward to seeing moves ahead.
Note : Further investigation of chart reveals that a move above 10520 would almost confirm that we have made the bottom.
Cheers !!
Any move above 10600 would mean we have made the bottom and headed for Wave C (Primary) up to complete Wave B (Cycle). Looking forward to seeing moves ahead.
Note : Further investigation of chart reveals that a move above 10520 would almost confirm that we have made the bottom.
Cheers !!
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