Nifty Bank Index

Short

Elliott wave analysis # about to fall to 33700 level ?

By dhinesh_kumar

Updated

If my analysis is correct, there is an irregular (at 33700) in wave w of X. If so, the fall should reach the level.

Note

Invalidated

Note

Its not Z. Probably w of Y. If so, going to be big irregular

Note

Updated wave count

snapshot

Note

As mentioned, went upside and completed the wave below 36838 level as w of Y (thought it would be z).

Note

updated wave count

snapshot

Note

Formation is so complex and confusion, so need to see further development

Related publications

Elliott wave analysis # will it test 33700 level ?

by dhinesh_kumar

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.