Nifty Bank Index

Short

Elliott wave analysis # next 3-5% fall

By dhinesh_kumar

Updated

Once it completes the upmove as described in my previous analysis, there may be fall to the level 31500.

Disclaimer: This idea is not for trading.

Note

Nifty also is similar view. It may fall to the level 14200.

snapshot

Note

Still upmove is pending

Note

If breaks today's low tomorrow, overall it is invalidate. Need to see further development.

Note

I did mistake in counting yesterday fall. The upmove completed and it is expected fall as described in the analysis. In the fall Y is completed and correction is going on. Once the correction complete, there will be Z

Note

Update wave count

snapshot

Note

Nifty: Updated wave count

snapshot

Related publications

Elliott wave analysis : Banknifty # new way of counting

by dhinesh_kumar

Disclaimer

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