#banknifty analysis for the short term:-
Expanding Rising Wedge:- A triangle is a sideways corrective wave with sub-waves labeled A-B-C-D-E. In most cases, all the sub-waves of a triangle are zigzags or multiple zigzagsTherefore, we call the triangle a 3-3-3-3-3 structure.
Looking at the structure, we expect selling pressure from the upside, which will drag the market below the recent low.
Always trade what you see, not what you feel.
Best Regards,
SG
Expanding Rising Wedge:- A triangle is a sideways corrective wave with sub-waves labeled A-B-C-D-E. In most cases, all the sub-waves of a triangle are zigzags or multiple zigzagsTherefore, we call the triangle a 3-3-3-3-3 structure.
Looking at the structure, we expect selling pressure from the upside, which will drag the market below the recent low.
Always trade what you see, not what you feel.
Best Regards,
SG
