as per price action you can see bank nifty has created double top bearish pattern in hourly time frame.
also bank nifty broke trendline and closed below.
34900 and 35000 good support zone for bank nifty
if bank nifty hold 35000 area than we can see bounce from 35000 area towards 35500 level. if global market and Asia market sawing any weakness and bank nifty...
What is Elliott Wave ?
Elliott Wave theory is one of the most acknowledged and widely used forms of technical analysis. RN Elliott developed the theory after analyzing nearly 75 years of stock data, and Robert Prechter later popularized it.
According to the Wave theory, the market trades in repetitive cycles, which Elliot primarily attributed to the emotions of...
BANK NIFTY 15min Chart study
#bank nifty made a channel in up direction from last 10 trading sessions
from 21-may and take support in it today
now the possibility is to travel in this channel until it breaks
so hold your long position till 35150
and fresh buy after 35800