Bank nifty update- crucial support (The alternate counts)

In my previous count, we were looking for ED (rising wedge in classical terms). It bounced from the said support zone (check previous chart) and rose some 500 points, later it just moved in a flat base and fell again to crucial support at 27050 to 27174. It has to hold above to see further push and to move towards 27600/27800/28000 levels. This levels are later part but for now it would be still risky to blindly go long from here. Wait for some confirmations.
To push so high level HDFC bank and SBIN have to play major role pushing themselves towards 2220 and 315 levels respectively.

Thank you

Yorum:

Not a ED, neither it looks wxy, will recount all.