Refer the charts for detailed updates.
BankNifty updates wave count:
Nifty revised wave count from arp'21 low:
BankNifty revised wave count from arp'21 low:
Disclaimer: This is just my personal view. You are advised to rely on your own...
It has been running very strong. It is about to pause its rally after its final up-trend completes. It is just pause and will resume again strongly.
First target : 1620
Second target : 1680
Third target : 1765
Invalidate level : 1400 (closing basis)
Correction was completed and it is moving higher for final up-move. See the charts for more details.
Projected levels for wave 5:
First target : 1128
Second target : 1380
Third target : 1465
Final target : 1650
Invalidate level : 708
Recently I have started to analysis some stocks. Most of the stocks are in final leg rally and also Nifty n BankNifty indexes too. After then there may be some corrections (approx. 50% correction).
It is an impulse from 2009 and wave 5 is in progress from Mar'20. Now it is about to start its final up-trend.
First target : 1650
Second target : 1830
Third target :...
Kotak bank is about to start final leg rally. It is an impulse from Mar'20 and now it is in inner wave 5. Both BankNifty and Kotak bank are in sync on inner waves.
First target : 2050
Second target : 2140
Third target : 2196
Final target if luck : 2400
Invalidate level : 1670
Major degree wave 3, started from 2009 is about to complete.
BHEL is about to move higher from the current level (64).
First target : 80
Second target : 86
Third target: 95
Invalidate level : 59
It is an impulse from Oct'20 low and wave 5 is in progress. The projection of the wave 5 is mentioned above as targets.
I expect the up-move from Mar'20 is wave A of flat. Wave A is about to complete and then there may be...
Wave (4) completed and inner wave for wave (5) formed. It is going to be strong up-trend in this weeks and about to hit new all time high.
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Wave count from Mar'20