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BANKNIFTY: Wave B is formed as a triangle (abcde). C started.
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Nifty Bank Index
(
NSE:BANKNIFTY
)
Ravi_VP
NSE:BANKNIFTY
Nifty Bank Index
Wave Analysis
1
0
waveanalysis
Wave B is formed as a triangle. B retraced to about 38% of A. C just started. Final target for end of C will be around 33800-34000
From here going down a little bit is also possible. But it is at reversal level.
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