lekha1506
Short

Elliott wave analysis for 03-May-2018

NSE:BANKNIFTY   NIFTY BANK
Explained everything in the chart
m on positive side... Tgt 26200
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@Konvict, Banknifty has to see the 25300-400 range before next up-move
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Konvict lekha1506
@lekha1506, My target 26200 achieved .. :) Elliot waves are somehow confusing and often go wrong... Now i am on downtrend... now Bnf can touch 25850 as the first target .. not sure about 25300 -25400 as of now ... Let's see
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@Konvict, this analysis was wrong. I had interpreted it as irregular correction. Now I'm too short side (can go below 25000), but tomorrow market can open on positive note
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I am positive over the move ... 👍
Expecting it to drop around ... 25150
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