kaushikwbslg

What is the Short-term View of Banknifty as per Elliott Wave?

NSE:BANKNIFTY   Nifty Bank Index
3rd Wave of BN has reversed exactly from 278.6% of wave-1 and made a short cycle A-B-C correction where C has came down to 138.2% (very common) and where the 3rd wave has corrected nearly 23.6% (very very common for an extended wave) of total upmove as 3rd wave approx 4466 points. And if it was a completion of 3rd wave at 43740 we might have completed correction. But there is a reasonable chance that BN may have another downmove towards 42470 area which is major support area.So, we need to have a neutral view and be watchful for its consolidation.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.