In BankNifty, go long until 46,995; this is our first target. From point B to point C, 46,995 represents the 50% retracement and if Banknifty breaks 47000 then i will update the next plan.
Nifty has completed its ending diagonal correction target, which is 61.80%. Now, it's time to go long until (X - 61.80%) 22,214.
Nifty has completed 127% of the ending diagonal and has now begun to decline. Currently, it is taking more time to fall than initially anticipated. The expected time for the descent from wave 4th to wave 5th, as observed on the 75-minute chart, is four candles, and bank nifty is not supporting therefore, consider setting your initial target for the move from wave...
If Nifty breaks 22312, the target will be 61.80% (21643), with a stop loss at 22475.
Muthoot Finance started its first step from wave IV to wave V and today (29 Feb 2024) formed a bullish engulfing candle pattern and our SL is 1182.35. Our target is wave V.
Nifty is going towards from wave 4 to wave 5 of the ending diagonal.