#BANKNIFTY completes Wave 1 leading diagonal-expect more upside

8 Ara 2020

Yesterdays top can be counted as the end of a leading diagonal and should now corrected in 3 waves. When done this this should position itself for a long and sustained rally.
Alternate count - count yesterdays move as the completed 5 waves as an ending diagonal - not very likely as the price move/ distance travelled for this wave is miniscule compared to Wave 1

11 Ara 2020

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