An update of the chart shared earlier. Looking for reversal around 21900-22000.
Disclaimer - Elliot waves are quiet subjective and not a trading system. Structure can change based on moves and sub-moves
Elliot waves on Bank Nifty Hourly charts suggests that possibly we have ended the C wave and likely to resume downside from here on. MACD also on the verge of turning negative. However Elliot wave structure can change on how the moves take place and how the internals shape up. Please check your own charts and act accordingly keeping your risk appetite in mind