Nifty Bank Index
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Banknifty - Wave pattern

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Banknifty is forming a Elliot wave pattern with Lower High's and lower low's. For 17th May 2021, we may see some retracement, from 32000 if the index managed to stay above the support line.
After that, it will continue its downtrend to complete the wave pattern.

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Disclaimer: Please do your own analysis or consult your advisor before taking any trade. This view is for educational purposes only.
トレード終了: 利益確定目標に到達
Retracement from 32000 happened and reached till 33000
トレード終了: ストップロスに到達
Short trade was failed. Sl Hit. Reversal did not happened. Market turned bullish
BANKNIFTYbankniftyanalysisbankniftytrendChart PatternspriceactionanalysisTrend AnalysisWave Analysis

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