Description
⋅ A rally of 4514 or 26% point from 17105 to 21619 was covered in 50 bars (12 Days).
The short term high of 21,619 has been made what it seems.
Use a bounce to short and the downsize target is 18,830 by 10th June.
Note:- Analysis fails if BN crosses 21,619.
The original target of 23,300 still holds but retracement first then the next move.
#banknifty #niftybank #elliotwave #trading