Banknifty 1 hrs Time Frame Elliott Wave Analysis
Wave ((1)) Starting point of wave C of 32327 to 35540 it subdivision 12345 as leading diagonal.
Wave ((2)) Retrace 0.38%, 34510.
Wave ((3)) Ended 39760, 1.618% Fib Extension of wave ((1)) and ((2))
Wave ((4)) Retrace 0.38% , 37943 area of wave ((3)) and 0.236%. of Wave ((1)) to ((3)),
Wave ((4)) complete as regular flat ABC , C point Complete at 0.786% of AB Extension 37943.
Today Price Close Above Wave ((3)) Ended so we can anticipate wave ((5)) which may be fib extension 0.618% of wave ((3)) and ((4)) 40920. and 200% extension area of wave ((1)) and ((2)) is 41200
So We can anticipate Positional Target of Bank nifty Wave ((5)) Area 40920-41200.
Disclaimer
It is my personal research before trade plane, please do your shelf analyze and advise your financial adviser , it is educational purpose only.
Wave ((1)) Starting point of wave C of 32327 to 35540 it subdivision 12345 as leading diagonal.
Wave ((2)) Retrace 0.38%, 34510.
Wave ((3)) Ended 39760, 1.618% Fib Extension of wave ((1)) and ((2))
Wave ((4)) Retrace 0.38% , 37943 area of wave ((3)) and 0.236%. of Wave ((1)) to ((3)),
Wave ((4)) complete as regular flat ABC , C point Complete at 0.786% of AB Extension 37943.
Today Price Close Above Wave ((3)) Ended so we can anticipate wave ((5)) which may be fib extension 0.618% of wave ((3)) and ((4)) 40920. and 200% extension area of wave ((1)) and ((2)) is 41200
So We can anticipate Positional Target of Bank nifty Wave ((5)) Area 40920-41200.
Disclaimer
It is my personal research before trade plane, please do your shelf analyze and advise your financial adviser , it is educational purpose only.