Chart explains everything itself. Last 10 minutes fall shows bearishness in Banknifty. I've given my view as per Elliott wave pattern.
Like and share if you like my work and let me know what do you think.
Hello to all,
Here is my nifty Analysis for upcoming days. As you can see market has corrected more than 10% in last 2 months. If you can see there is 5 wave Elliott wave pattern (3 impulsive and 2 corrective waves as you can see) in downtrend. Now I'm expecting market to give upmove with 3 wave pattern (2 impulsive and 1 corrective) in uptrend.
Let me know if...
Banknifty plunged a lot from 26th Oct 41k level to 16th Dec 34k Level. After such downmove in Banknifty, I expect upside in Banknifty. Here in my analysis, you can see Inside Bar Pattern in Banknifty. If you want to go long on Banknifty then buying above 34300 will be a wise move.
Let me know your thoughts in comment section.
P.S: This is just for educations purpose.