Bank Nifty Elliott wave analysis for 7Dec 2020 onward
In this 1hour chart of Banknifty wave (c or iii) started from 23613. And in this wave (i), (ii), (iii) and (iv) is completed at 25773, 25142, 29031 and 27703 respectively. wave (v) is completed at 29784 OR running as Ending Diagonal.
In short if Bank nifty has to fall then it should not cross 30540. Even if it touches 30541 then we will see much higher levels.
And if unable to cross 30540 then it can decline in 28643-27682 range.
In short if Bank nifty has to fall then it should not cross 30540. Even if it touches 30541 then we will see much higher levels.
And if unable to cross 30540 then it can decline in 28643-27682 range.
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