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.

Tradesafe!

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Nifty technical update

Nifty

Above chart of nifty is making new high at every stage but macd histogram shows losing of strength while every new high of nifty macd histogram making lower high indicate more weakness in overall trade in coming trade session.

Trade safe!