Wave Pattern of BankNifty on 15M Chart

٢٢ يونيو ٢٠٢٣

BN has completed its ABC correction and looks like ready to go up higher. But unless it crosses 44500 level, it may hovering range-bound. Here the main concern is it has broken its prevous swing low of 43390 and hence its not clear what wave structure it is making.

So, stay away from it trading is a wise decision. If trading is unavoidable, then trade with strict SL
What is your view about BN. Please leave comments.