Major events ahead.Get ready.
Mis à jour
Rbi monetary policy on 6 th october.
Industrial production and inflation data on 12 th.
Unless it is a complext correction,in bank nifty C wave is unfolding.
It can be zig zag or diogonal.
Till now bank nifty has recovered only 23.6 percent of the fall.
In hourly time frame it is visible.
Not appreciable at all.
b wave bounce of this a wave is only 23.6 percent.(shown in capitals a and b in the chart)
next 3 days are important to observe.
Before major event on 6th whether it trades range bound which happens in most of the cases
and take decesive move after rbi meeting is to be seen.
please like this podt if it helps you,and follow me to get updates.
Industrial production and inflation data on 12 th.
Unless it is a complext correction,in bank nifty C wave is unfolding.
It can be zig zag or diogonal.
Till now bank nifty has recovered only 23.6 percent of the fall.
In hourly time frame it is visible.
Not appreciable at all.
b wave bounce of this a wave is only 23.6 percent.(shown in capitals a and b in the chart)
next 3 days are important to observe.
Before major event on 6th whether it trades range bound which happens in most of the cases
and take decesive move after rbi meeting is to be seen.
please like this podt if it helps you,and follow me to get updates.
Note
Note
it must break the uml to proceed higher on last friday it failed to do so.if it breaks the median more down side should take place.
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