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.
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...