In 30min chart of bank nifty wave (i), (ii) and (iii) is completed at 31630, 31232 and 37708 respectively and wave (iv) is either completed at 35584 or complete in 35584-35234 range. wave (v) is still pending above 37708.
36180-35234 support range and BN is negative only below 35234.
@chirag_Khasiya you have stopped posting videos, it used to give a much better understanding of the alternatives possible. but anyways thanks for posting this.
do you think there is a possibility that wave (v) might have completed already at 37708 and (iii) at 36615. I think because
1. from Mar fall, 1.272 levels was at 37160
2. from the new wave cycle that began in last week of Mar, 37256 is the 3.618 levels
3. And if you see FB levels from the fall in last week of Jan'21 then 37900 is 2.618 level
therefore imo BN has run its course and is up for fall
chirag_Khasiya
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@Poison_1907, less chance. If trades below 35234 then we will review.
famousKitten28328
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@chirag_Khasiya, bnf will give a 1500+ fall in the next week,my sixth sense says.
Disclaimer:I do not have any call/put open position in bnf.
Sir. , what is right time period of wave count . 30 minutes or one he or even daily . Some say best is weekly .Can you though some light .
Poison_1907
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@JagdishKumarPahuja, multiple waves form in multiple time frame.
Monthly, weekly, daily, hourly, minutes
All time frames you can observe subwaves and that's how it should be seen