BANKNIFTY: Wave B is formed as a triangle (abcde). C started. Long

Nifty Bank IndexNSE

Description

⋅ Jan 3, 2020 9:41 AM

Wave B is formed as a triangle. B retraced to about 38% of A. C just started. Final target for end of C will be around 33800-34000
From here going down a little bit is also possible. But it is at reversal level.

Wave Analysis