A Complete impulse wave about to end in #BANKNIFTY

Banknifty is now showing all signs of a longterm completed 5 waves from Mar 20 to Sep 21. The ending diagonal as wave 5 of 5 adds credibility to the structure.

What this means is that if the 38224 high is not broken we are heading to 30000 area in an A-B-C correction. One more slight maybe possible, if it does , we'll relook for a new short entry.

The downside risk is high now. Upside seems limited and not worth betting on