Banknifty Elliott wave count as shown in charts from wave 1 to 5.
Currently we are in complex wxyxz correction. The final Z wave should be in progress which should break previous low.
The new low is expected to be between 31400 to 30000
The drop from X wave can be looked as Zig zag correction on downside with current wave B in progress and will start C wave once breaks 35511 low as shown in below image
Charts will be invalid if breaks 38766
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgement while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
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Currently we are in complex wxyxz correction. The final Z wave should be in progress which should break previous low.
The new low is expected to be between 31400 to 30000
The drop from X wave can be looked as Zig zag correction on downside with current wave B in progress and will start C wave once breaks 35511 low as shown in below image
Charts will be invalid if breaks 38766
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgement while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
--------------------------(((((LIKE)))))-------------------------------
