Elliott wave analysis # update to the previous analysis
Wave B/X is being extended and still pending. An impulse (wave A) is completed in wave (y) of (X) and correction is in progress. Wave C of wave (y) of (X) is pending.
Banknifty update:
Not
Update: Correction completed and next up-move can start tomorrow.
Nifty:
Banknifty:
Not
The correction was extended. The analysis and target posted on May 19 is still valid.
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