Nifty Bank Index

Short

BankNifty Elliott Wave Analysis

By TradeMagic005

Updated

The Banknifty index has been in a very complex correction for some weeks.As per my one of view the currecnt complex correction looks like Extended or Elongated Double Three pattern which will complete at 40071 or 39635 level as shown in the chart.

Note

Before correction wave the index was in 5th wave extension Impulse pattern as it is confirmed the same pattern with Nifty Index.

Note

Wave Pattern changed Alternative become active

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