rohitkaran

Banknifty Elliot wave analysis

Short
NSE:BANKNIFTY   Nifty Bank Index
Elliot waves on Bank Nifty Hourly charts suggests that possibly we have ended the C wave and likely to resume downside from here on. MACD also on the verge of turning negative. However Elliot wave structure can change on how the moves take place and how the internals shape up. Please check your own charts and act accordingly keeping your risk appetite in mind

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.