Banknifty Ending Diagonal Final up-move towards 30700

Niftydirection Updated   
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I may or may not trade this analysis

Banknifty upside getting exahusted and trading in parallel channel making ending diagonal .

On Friday before close made bullish candles and closed above major resistance 30000 suggesting upside still pending.

Banknifty in impulse up-move and in wave(3) which usually goes Fibonacci level 1.618=30760 of wave 1.

Then after that we can expect deep correction which should go
0.5 Fibonacci level 27186 or 0.618 level 26342 in wave 4

In Wave 5 expect to go near life time high.
Trade closed: target reached:
30760 hit


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