Two days back I had posted about it when it was at critical juncture. Just remember Elliot wave wave 2 should not violate the low of wave 1. I had drawn a horizontal line for recent low. Had it violated that line it would have become disasters for hdfc bank and bank nifty too. well I accept no more decline from it. This is weekly chart hence it can not be predicted for near term targets. I will try to attach lower time frame chart. Don't forget to like this post. connect with me. follow me .