Niftydirection

Banknifty final leg of downmove or there is more?

Short
NSE:BANKNIFTY   NIFTY BANK
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Downward impulse wave four iv was sideways double three correction which looks to be completed.
The next move of Banknifty about to be witnessed as wave five v.

This move can take it towards 0.5 Fibonacci retracement 21168 or as per support zone 21404-21027

SL/Invalidation level 22370

Confirmation: Dotted blue line has been broken which was important support line,
Broken down heavily from range 22670-22080
Comment: 21274 low made today