BankNifty having many internal waves: projection shows 29350 min

220 3
Bank Nifty is having many internal waves (the count may be required to change).
By the wave personalities and positions,assuming the current move as a wave in intermediate degree,
it has to make a move towards 24777 minimum , and a 127% of its higher degree need to go around 29350.

a 100% Fibonacci projection is marked in blue labels, but the hypothesis shows,
it has to move much more as per the classic Elliot rules.

A 127% projection (blue)of wave 1 = 29358 must reach minimum.
So assuming a value near to this.
But couldn’t find an equivalent value in wave 2 extension group (pink).
161.8% projection of wave is 29707
Wave extensions in green can go anything above 24777 ie: greater than 100%of wave
Sir why you have not updated last week Bank Nifty. Wil you update this week Bank Nifty. Very crucial as it reached the peak. Decent correction will be good for the market for any further upside.
Thanks for extended view along with separate chart for future reference. it is easy copy and save it.
@AMBRISH, Thanks for sharing this simply complex concept.
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