Free Stock market / Nifty intraday tips, FREE Stock, Commodity & Forex tips

BANKNIFTY SPOT – Bullish Outlook Is Still Valid

Free nse banknifty chart calls

Free nse banknifty chart calls

Timeframe: 2h
In our previous idea, we discussed that the breakout of the correction was just the starting point of an impulse. Price formed a new all-time high. Banknifty is looking strong outside of the channel because it is trading above 20/50/100/200 EMA.

Price recently experienced a decline, dropping from its high of 45655 to 44663.05 (-2.15%). According to the wave principle, there is still one more upward move remaining, which could potentially reach a target of 46000. Traders can use the reverse Fibonacci levels of the previous sub-wave (3) to (4) to set targets after the breakout of the corrective channel. These targets include 45320 – 45655 – 46124+

We will update further information soon.

Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Disclaimer: The information provided on this website, including but not limited to stock, commodity, and forex trading tips, technical analysis, and research reports, is solely for educational and informational purposes. It should not be considered as financial advice or a recommendation to engage in any trading activity. Trading in stocks, commodities, and forex involves substantial risks, and you should carefully consider your financial situation and consult with a professional advisor before making any trading decisions. and its authors do not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be held responsible for any losses or damages incurred as a result of using or relying on such information. Trading in the financial markets is subject to market risks, and past performance is not indicative of future results. By accessing and using this website, you acknowledge and agree to the terms of this disclaimer.
Previous ArticleNext Article
Mr.Guru(s) is a team of stock market certified technical and research analysts with over 20 years of experience. They are regular guests on popular online channels and contribute articles to several financial publications. Their insights and advice are respected by investors worldwide. With their collective knowledge and expertise, they have a proven track record of successfully predicting market movements and identifying profitable opportunities.

Join Today (Free): Stock & Nifty Tips

1 Comment

  1. Excellent analysis of bank nifty by Elliott wave, I have been seaing this portal from last one month your forcast is like GPS of bank nifty

Write a Comment

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted. Your email address will not be published. Required fields are marked *