Hello investors Banknifty currently trading at 43695 i am finding 2 probable moves
1)In my last published idea i applied elliottwave analysis there we can identify it is trading at 4th wave correction
now it has formed abc correction with 'C' Ending diagonal here chänces of moving downside is more.
Trendline Retest can make it possible move to downside.
2)if it doesnt sustain 4th wave if it moves beyond invalidation we need to alter wave counting
Fibonacci count :currently it is trading at 0.618
RSI :It trading at overbought in 1hr time frame
1)In my last published idea i applied elliottwave analysis there we can identify it is trading at 4th wave correction
now it has formed abc correction with 'C' Ending diagonal here chänces of moving downside is more.
Trendline Retest can make it possible move to downside.
2)if it doesnt sustain 4th wave if it moves beyond invalidation we need to alter wave counting
Fibonacci count :currently it is trading at 0.618
RSI :It trading at overbought in 1hr time frame
