BANKNIFTY: Elliott Wave AnalysisBANKNIFTY counting using Elliott Wave theory is done from 13th January.
We can see FLART- ZIGZAG- ZIGZAG CORRECTION marked in the chart.
The top made on 6th February is marked as wave (W) because it has 3 moves in it.
The fall after that was sharp and fast. This is the characteristic of wave (X).
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