Nifty after sharp decline consolidated between 18200-400.....in this period it looks like it has completed wave 4 from the decline level of 18697... The wave 4 is double irregular correction which has completed or may complete around 1845-500...above this it's Invalid....
Tried to plot yes Bank chart. A very complicated and typical EW counts... according to this chart lower degree wave 3 o hogher degree wave is completed and the correction also completed which is internal wave 4....Now stock may again resume the uptrend. Buy @Cmp for Tgt of 28/33 with SL 20.5
Airtel is about to complete it's corrective wave 4 which was likely a Triangle, Since wave 2 was deeply corrected therefore wave is side ways. Now We can it in Range of 822 to 810 with SL of 804 for a Tgt of 880/920.....pls don't forget to like the analysis if it's useful to you.