BANK NIFTY WAVE TALK

Guy I had updated a chart of banknifty earlier, we are in wave 4 of higher degree and we are in wave 4 downward also. we can see substantial lower level if we give a breakdown from the current levels which is standing at 61.8% of wave 3 downwards. Wave 3 down did not done its 161.8% target we can assume we will see an extended wave 5 which will complete the targets of wave 3 and wave 5.

We can see banknifty around 36k in few trading session.

Be safe do not long with conviction.

Wait for reversal if any happens in few days.

if you like it hit like and otherwise comment.

Regards