Banknifty Elliottwave count

Banknifty

Above chart of banknifty show cleat 5 wave decline from 21113 level and five wave bottom at 19053.
followed by three reactionary  wave  banknifty shows clear a-b-c wave as zigzag move, currently wave c of zigzag is unfold, if any move below wave b (19245) more further decline expected in banknifty.

Banknifty

above chart shows banknifty retraced 38.2% of five decline and if price face any difficulty trade above 38.2% retracement , expect freefall in banknifty.

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Elliott wave count

Bank Nifty 5 wave decline.

To Understand above chart one should Required Elliott wave Theory Knowledge.
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Bank nifty

Bank Nifty

After Flat pattern Bank Nifty moved higher than previous high.
any movement below wave c will confirm decline and sideways market move(s).

Bank Nifty Elliott Wave Update

Bank nifty has clearly moved in 5 wave sequence (motive wave).followed by three corrective wave which is currently in progress.most probably it could be zigzag. other probability flat variation.

Bank nifty Elliott Wave Count

Bank nifty ended with Five Wave Decline.New trend to watch out.

in above chart wave (ii)  is Flat and wave (iv) is sharp Zigzag .

and wave V truncated. new wave to watch in a-b-c and with alternative of 1-2-3-4-5. 

BANK NIFTY ELLIOTT WAVE UPDATE

BANK NIFTY ELLIOTT WAVE UPDATE

15MIN CHART SHOWS CLEAR 5 WAVE DECLINE AND WAVE 5TH ENDED IN DIAGONAL.
ANY MOVEMENT ABOVE 11248 WILL TAKE BANKNIFTY TOWARDS 11384. MORE UPDATE SOON.......
 LONG TERM COUNT  WILL BE CHANGE BELOW 10897 (INVALIDATION).......


NIFTY SPOT LONG TERM WAVE COUNT INVALIDATION @ 5487.....................

#NIFTY & #BANK NIFTY ELLIOTT WAVE UPDATE

ELLIOTT WAVE NIFTY UPDATE .

AS PREDICTED WAVE C WILL DECLINE.NOW WAVE C GETS OVER AND FROM HERE WE WILL SEE NEW 5 WAVE IMPULSIVE IN ONE LARGER DEGREE.

CONTINUE READING WITH LAST POST ON NIFTY ELLIOTT WAVE UPDATE.

BELOW CHART SHOWS 5 WAVE UP WITH ALTERNATIVE COUNT OF 1 AND 2.

INVALIDATION TO BULL WAVE COUNT BELOW   5680.IF 5680 WILL NOT INVALIDATE THAN WE WILL SEE 

MORE UPSIDE IN NIFTY.MORE UPDATE SOON............

BANK NIFTY ELLIOTT WAVE UPDATE

BANK NIFTY SHOWS CLEAR 5 WAVE DECLINE IN WAVE C .

AND YELLOW BOX SHOWS THE SAME WAVE COUNT AS NIFTY IMPULSIVE.CLICK ON CHART TO ENLARGE IT.

MORE UPDATE SOON ON BANK NIFTY ...................

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