Banknifty direction based on elliott wave analysis

Banknifty completed 5 impulse wave up..
and now in abc corrective wave in progress..

channel support near 50650 and important Fibonacci support to look for
38% : 50659
50% : 50512
61.8% : 50188

abc corrective pattern should find support near above fib levels..
Post abc corrective pattern it will again rally ..

Time to watch post 12pm
Not
low made 50500
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wave a made low near 50343 and strong candle formation indicates start of wave B
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wave B has resistance near 50770 if broken than expect flat correction and can move to 51000
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till now wave B made high near 50719...
with the power of elliott wave intraday captured both moves : wave A down and Wave B up with time correction
Not
hit the level given 50772 finally..
BANKNIFTYbankniftyintradaylevelsbankniftytradesetupbankniftyviewChart PatternschartpattrenelliottwaveprojectionTrend AnalysisWave Analysis

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