This is in continuation of prior idea on Bank Nifty(Refer Related Ideas below).
With Continuation channels and lowering time frames for same, we look to have a falling wedge/ending diagonal on our hands, per current scenario on charts.
Per FIB levels, we have quite some support around 28600 levels approx.
Also, RSI divergence is visible as shown on charts.
Higher Highs/Higher Lows should be formed before initiating any long position.
Please do follow for further ideas and do leave a LIKE.
With Continuation channels and lowering time frames for same, we look to have a falling wedge/ending diagonal on our hands, per current scenario on charts.
Per FIB levels, we have quite some support around 28600 levels approx.
Also, RSI divergence is visible as shown on charts.
Higher Highs/Higher Lows should be formed before initiating any long position.
Please do follow for further ideas and do leave a LIKE.
