Bank nifty in 30 minute time frame suggesting buy

12 May 2021

ELLIOTT WAVE ANALYSIS: All observations are clearly indicated in the chart.

Elliott wave is an road map to identify the direction of market.

Wave "1" : Motive wave completed
Wave "2" : Simple zigzag completed
Wave "3" : Motive Wave Golden wave also completed.
Wave "4" : Alternation rule so Triangle pattern time consuming pattern formed.
Wave "5" : Motive wave 5th wave going to start again.