Nifty Bank Index
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Elliott wave analysis # revised wave count

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In my last analysis, I told that unexpectedly wave 4 was completed and wave 5 rally started. But looks like still in wave 4 and forming more complex. Refer the chart for more details.

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In my last analysis, I said the rally (wave 5) has started. But wave 4 was not completed. Even though it is still in wave 4, there should be temporary up-move to recent high where wave B of 4 completes.
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Updated wave count
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Wave Y completed today. After then wave formation confirmed further upside, maybe for wave Z. If so, the correction may take 2-3 days and sideway correction. If forming something else, I will update.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.