Is the correction over?
Mis à jour
No conclusive proof yet.
But formation of diogonal indicating
probably correction is over.
During this correction phase bank nifty was
alomost trading with in the parallel channel.
once there was throw over but again it had returned back
in to the channel.
Gradually diogonal was being developed in the c wave of final C wave.
and finally in the last hour on Friday it appears we are in the final stage
of correction.
Conclusive proof will be when bank nifty takes out arrow as shown in the disgram and moves
forming inpulsive wave.
Spiking of vegetable inflation is main concern for banking stocks in India
where as cooling down of inflation in US favouring IT stocks in India.
HDFC bank result is on 17 th july and indus india bank result is on 18th.
these may decide the course of bank nifty.
If this post helps you please like it.
follow me to get updates.
But formation of diogonal indicating
probably correction is over.
During this correction phase bank nifty was
alomost trading with in the parallel channel.
once there was throw over but again it had returned back
in to the channel.
Gradually diogonal was being developed in the c wave of final C wave.
and finally in the last hour on Friday it appears we are in the final stage
of correction.
Conclusive proof will be when bank nifty takes out arrow as shown in the disgram and moves
forming inpulsive wave.
Spiking of vegetable inflation is main concern for banking stocks in India
where as cooling down of inflation in US favouring IT stocks in India.
HDFC bank result is on 17 th july and indus india bank result is on 18th.
these may decide the course of bank nifty.
If this post helps you please like it.
follow me to get updates.
Note
Note
Breaking the diogonal.how wasmy study?
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