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. 

what will happen when trader use different average and setting.

see the difference between macd setting with different average.and accordingly see the change in buying and selling signals.

if you are not able to watch video than visit www.niftyelliottwave.blogspot.com

like us on facebook to stay updated with most exciting market moves and educational update

https://www.facebook.com/NiftyElliottWave  

Nifty vs Banknifty

Banknifty

Banknifty almost retraced  61.8% compare to nifty.

and Nifty retraced only 38.2% of impulse.

Advance of next rally will Hit new high in nifty early as compared to Banknifty.

  

                                                                              Nifty