Banknifty Triple Zig Zag Correction Complex Correction
Bank nifty going through triple zig zag complex correction and there is another 1000-1500 points correction possible towards 0.618 Fibonacci level.
With sharp recovery from 33909 its unclear if its A or Z wave completed already and new impulse started?
Monday will give Clear picture if its not able to cross channel top 35000 then we can expect C wave of Z to take it down towards 33500 (0.618)
Once correction is over we can expect V wave to begin towards 360000
This is the best possible Elliott wave count i can come up with, please hit like to motivate me to keep posting.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
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With sharp recovery from 33909 its unclear if its A or Z wave completed already and new impulse started?
Monday will give Clear picture if its not able to cross channel top 35000 then we can expect C wave of Z to take it down towards 33500 (0.618)
Once correction is over we can expect V wave to begin towards 360000
This is the best possible Elliott wave count i can come up with, please hit like to motivate me to keep posting.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
-------(((((Please LIKE or Comment)))))-------
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