Niftydirection

Banknifty to attempt All Time high in wave v of 5

Long
NSE:BANKNIFTY   NIFTY BANK
If you ask why Wave 4 (in blue) is deep almost touching Wave 1 then that's based on Elliott wave Alteration Guideline.
Wave 2 was flat so wave 4 will be zig zag and went deep.
Rest all stuff explained on chart.

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Technical analysis provided on the chart is solely the personal views of my research.
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Trade closed: target reached: Done and dusted All time high