Bank nifty going through triple zig zag complex correction and there is another 1000-1500 points correction possible towards 0.618 Fibonacci level.
With sharp recovery from 33909 its unclear if its A or Z wave completed already and new impulse started?
Monday will give Clear picture if its not able to cross channel top 35000 then we can expect C wave of Z to...
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of...
Banknifty formed Parallel channel post march lows.
Currently in Wave 4 and correcting.
Now probably forming Tripple Three Elliot Corrective Wave which is long and shallow correction (0.382 fib level) between 21000 to 23000.
If it reaches 23000 levels and starts reversal then we can definetly say it as Tripple three elliot wave and can plan for wave Z.
Price...
Liberty has struggled to cross 152 in last 3 attempts and on every attempt a huge bearish candle forms.
Now scrip is in uptrend and this time fall near 152 has faced low volume as compared to previous falls.
Scrip was in narrow range since past few days and indicates stock was being accumulated.
THis time it could cross the 152 level & if it sustains & close...
