Elliott wave analysis : Banknifty # new way of counting

Jan 18, 2021

Heading towards 32700. Invalid if breaks below 31650.

See the Nifty ideas in below link.

Disclaimer: Sharing to show the right way of elliott wave counting. Not for any trading ideas

Jan 19, 2021

Note

w of (Z) completed as double-three combination and x of (Z) is in progress

Jan 20, 2021

Note

There is little confusion (same as Nifty) that whether morning-session upmove is y of (Z) or afternoon-session's upmove. Need to see further upmove development.

Jan 21, 2021

Note

Today's fall is TWO double-three combination, so still upside is pending. So far w of (Z) only completed.