Niftydirection

Banknifty In Uptrend 5th Impulse Wave of Leading Diagonal

Long
NSE:BANKNIFTY   NIFTY BANK
As explained in previous chart we were able to pin point Banknifty's down move.

Downward wave four 4 was double zig zag correction which completed near 24404.

We are witnessing now final Wave 5 impulse of leading diagonal and currently in wave iii which should extend 2.618=24785 to 25000.

There will be sideways correction next may be till 23500-23300.

Final Wave 5/v should reach 26361 Fibonacci 0.618 retracement from march low or bit higher for 27000.

As it already moved very rapidly Invalidation level is deep and high of wave i viz. 21811

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I am holding banknifty etf from 21000 levels