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selvamB
Jan 29, 2017 12:50 PM

BANK NIFTY HAS TO REACH 23300 Long

Nifty Bank IndexNSE

Description

A very simple and easy elliott wave count implies that our BN has to reach its final 5th wave
which is equal to its 1st wave ends @23300
I have nothing to explain this basic humble 5 wave upward structure
so create long positions in feb series

similarly our NIFTY also move up if friday high takenout

Comment

invst.ly/375fx PLEASE LOOK in to this link for an alternative counts for safty
Comments
HappyVijay
For Me I am not Convinced to your 5th Wave Counting ............. Where is Wave 5/2 Visble on chart should have been atleast 38% and in your case 5/4 has bigger and visible correction on chart. What if Wave 4 is making Flat Correction and from 20575 its Wave-C has started ?
selvamB
@HappyVijay, HI This is for you, i have changed my counts,even though BN WILL GO TO 21387 AND https://FALLhttps://invst.ly/375fx
selvamB
UnknownUnicorn646072
good count,but may be some bull market truncation then
sanjoy.bose.it
Nice and simple, but how could I try this with option, I mean strike/style, If you kindly explain/PM me, much appreciated. @selvamgeetha
selvamB
@Sanjoy.bose.it, I ll post while I took position
Vinodrathi
what is the time period to reach that target?
selvamB
@Vinodrathi, minimum one month
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