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MalayKJ

BankNifty Wave Analysis 2023.05.21

Short
Nifty Bank Index (NSE:BANKNIFTY)  
MalayKJ  
NSE:BANKNIFTY   Nifty Bank Index
Elliott Wave Fibonacci Support and Resistance BANKNIFTY elliottwaveprojection elliottwaveanalyis nify50
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elliottwaves fibonacci supportandresistance banknifty elliottwaveprojection elliottwaveanalyis nify50
- BANKNIFTY currently into wave v of wave 5, which is forming an ending diagonal pattern

- RSI Negative divergence already visible on daily chart

- Strong resistance and possible end of current wave v of 5 (and also wave 5) at 44173/44397
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