BANKNIFTY: Ending diagonal nearing completion.

Dec 5, 2019

As I said yesterday, today wave (B) completed. Tomorrow will be a volatile and trending day. Most probably Wave (C) will be completed fully or 70%. When wave (C) completes, wave (5),[5],C,(B) of higher degrees also will be completed. Once these waves completes, wave(C) of 4 will be commenced. As the ending diagonal has developed as an expanding diagonal the fall will be heavy.

Dec 6, 2019

Comment

Kukku and jaganath22
As per present structure I assume that wave c of wave (B) unfolding as abc, a being yesterday close, b today’s high and c in progress. At note (12:30) wave iv of c is in progress. Probably it will get support at 31550 out at the worst at 31450 and then wave (C) will commence.

Dec 6, 2019

Comment

It seems that wave (iv) has unfolded as zigzag abc. I have posted a new idea.