it is trading around 20 dma .

2023년 6월 4일

Is it an opportunity to buy or sell?
overall trend is bullish.
after march 2023 first time bank nifty
has come closer to 20 dma.
it is an opportunity to buy.
it is now progressing by forming higher high and higher low.
still upside left.I will attach 5 minutes chart and 4 hrs chart
with this.There is likely to gap up tomorrow as obvious from dow and other markets.

2023년 6월 4일

노트

2023년 6월 4일

노트

First 1 there is overlapping of waves and it is retraced by around 50 percent.
in second 1 it has been retraced 61.8 percent.it appears correction is over here.

2023년 6월 4일

노트

2023년 6월 4일

노트

in 15 minutes time frame.

2023년 6월 4일

노트

in the diogonal wave 1 and 3 are equal and wave 5 shorter than wave 3