BANK NIFTY - 08.08.2022 - DAILY & 15 MIN CHART - BAHAVAN CAPITAL

BANK NIFTY as per Daily chart Analysis and 15min Chart analysis these are my observations

Daily chart analysis as per Elliot wave the 5th wave gets completed at 38106 level. As well as on a 15 minute chart the 5th Wave gets completed at 38106 level.

I also observe Head and Shoulder pattern on a 15 minute chart and having 38106 level resistance the market should become bearish after testing it and take a support at 38000 level. Once 38000 is broken i anticipate to come down till 37825 level.

Happy Profitable Trading to all...