Elliot Wave Analysis of #banknifty on multi time frame analysis
Elliot Wave Analysis of #banknifty on multi time frame analysis #banknifty view on 1 month time frame:- At cycle degree on BankNifty 1 M time frame, it looks like wave ((II)) down of an ascending Impulse is underway. Logical Target:- Green Zone ( 16,453 to 20,512) or 24,570. #banknifty view on 1 Week time frame:- On BankNifty 1 W chart, at the cyclic degree it looks like wave ((II)) down is in progress, which gives a target of 26,913 to 24,365 #banknifty view on 1 Day time frame:- There is two possibilities here:- On the BankNifty 1D chart, at the cyclic degree, it looks like wave ((II)) down is in progress, which gives a target of 23,285 - 27,431. On the BankNifty 1D chart, at the primary degree, it looks like wave B is up of a zig zag correction, which gives a target of 33,882 to 35,284. #banknifty view on 1 Hour time frame:- On the BankNifty 60 min chart, at the cyclic degree, it looks like wave ((III)) is UP and yet to start, which gives a target of 38,6...