Banknifty In Uptrend 5th Impulse Wave of Leading Diagonal
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
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
I am holding banknifty etf from 21000 levels
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
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
I am holding banknifty etf from 21000 levels
