Elliott wave analysis # as expected fall started ??

4 juin 2021

Wave B of (2) completed. Wave C of (2) started its journey.

Invalidate level: Nifty 15700 and Banknifty 35480


Disclaimer: This is just my personal view. You are advised to rely on your own analysis while taking trading decisions.

Banknifty update:

5 juin 2021

Note

Suppose on Monday if reaches invalidate level (15700 n 35480), next possibility is updated in the below chart.

Nifty


BankNifty

6 juin 2021

Note

There are only three possibilities:
1) as per analysis (if open below last close and break day low)
2) after some pullback (~ 70%), it should fall as per analysis
3) Sideway correction (here there is chance to break Friday high as irregular correction)

Not seeing any strong up-trend, at-least for next 2-3 days.

7 juin 2021

Note

So far wave formation suggests no big fall. It may be sideway correction.

7 juin 2021

Note

Banknifty updated wave count

7 juin 2021

Note

Banknifty from 19th April