BANKNIFTY has completed the Elliot Triple combo Wave following the January Selloff. We might see an ABC correction wave coming in next two weeks. Important levels as marked.
Trade active
I am carrying forward my position to next week on the basis of this analysis and $1.70 Billion FTSE rejig inflows mainly in HDFC, ICICI and KOTAK. Targets as marked.
Trade closed: stop reached
Looks like the pattern will NOT complete. I have exited all bullish positions. Waiting for new pattern formation. View remains bullish.
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