Invalidated level: 15325
Don't trade it. I just go to watch it.
If ABC, it can fall from here.
Not for trading.
Nifty - from 24 May low to today high WXYXZ completed
Banknifty - from 24 May 9:20AM to 25 May 2:15PM Flat correction and then double-zigzag till today high
It should be impulse fall in Nifty and ABC fall in Banknifty.
Just sharing my view. Don't take it as trading advise.
BankNifty Trade setup for 27-May-2021
One can read the book and understand the concepts but applying on live market is not easy.
For example, from May 24th 10:00AM, my analysis is flat correction is in progress. AB completed (25th May 2:25PM) and C is in progress. Now it is in inner wave 5 from 26 May 3:00PM. Today open is above yesterday high and will complete wave 5 of C. And then it can fall towards around 15120.
If it does not work, I accept you.