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mkmohitkishan8

BANKNIFTY(MPP)

Nifty Bank Index (NSE:BANKNIFTY)  
mkmohitkishan8 Updated   
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Wave Analysis Beyond Technical Analysis
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trendanalysis waveanalysis beyondta
Above shown is the Most Probable Path that Banknifty MIGHT follow in the coming days.The Forecast is done on the basis of Smart Money Concept and Elliott Wave Analysis.
Comment:
Seeing the current progress of BankNifty , it seems 4th wave is completed and we should be heading down to 44000 levels to complete 5th wave and then upward correction will begin.
Comment:
Looks like Market is currently in its 5th wave . It is taking a lot of time to complete and there is also a lot of overlapping between the price swings . So based on its behaviour , it is most likely forming an 'ENDING DIAGONAL' and it is better to exit from the SHORTS now. 5th wave will be soon completing(by Tomorrow I think).
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