Did you trade Banknifty wave analysis?
Click here: BANKNIFTY SPOT – Bullish Outlook Is Still Valid
BEFORE
We had written in clear words, 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+.
AFTER
Timeline:
[17 July 2023]
- 03:00 PM – NSE BANKNIFTY Hit the first target of 45518.
[18 July 2023]
- 09:15 AM – Price hit the second target of 45655.
- 09:25 AM – Price made a new high of 45908.
[20 July 2023]
- 02:23 PM – BANKNIFTY touched the achieved target of 46124.
- 03:00 PM – Price made a new high of 46256.
If you have traded this setup, you could have made more than 1260 points in just five trading sessions.
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