zigzag correction in BANKNIFTY

ELLIOTT WAVE ANALYSIS:-

View-1:-

It seems that a zigzag wave has completed.

A bounce back looks like connecting correction wave B is forming, a little bounce back may happen to form a connecting waves in a correction form.

View-2:-
It seems that a zigzag wave has completed.
An impulse wave was emerged and an impulse 1st wave was completed and a corrective 2nd wave was completed it seems to be an emerging of impulse 3rd wave.

Expected a reasonable bounce back if the 43600 level sustains. If the level break and go down then there will be another zig zag formation may take place.

T1=44439
T2= 44586
T3=44957
T4=45274-45615
For View 2 stop loss will be 43600.
For wave 1 there will be no stop loss.

i'm not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor.

Yorum:

Target 1 has Reached and Target 2 has missed with 18 points.
soon we ca expect the targets will hit back.
From todays opening it touched the high of 1.68%.
It reached 1.15% from the level we suggested in 1 day.

Yorum:

Targer 2 has achieved.

Yorum:

2 target achieved in 2 days.
it reached 1.57% from our entry.
From low it reached 1.88%.
From here trail your stop loss.

İşlem kapandı: hedefe ulaştı:

Reached our target level. now we wait and watch the wave formation.