Banknifty price move upside flat correction see some rule
Rule 1: Wave A should be a 3 wave structure.
Rule 2: Wave B should be greater than 61.8%of Wave A.
Rule 3: Wave C is greater than 38.2% of Wave A. ...
Pattern: The type of pattern will show alteration in Wave A and wave B.
NSE:GRANULES working inside a corrective pattern and seems to have more downside left.
Well, Path 1 in the chart drawn is highly probable if buying demand at the level is very high but we can not undermine Path 2 which might be alternate path but less probable.
Which one would you choose?
PATH 1
or
PATH 2
