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HomiPatil

BankNifty still has LONG way to go.

Long
Nifty Bank Index (NSE:BANKNIFTY)  
HomiPatil Updated   
NSE:BANKNIFTY   Nifty Bank Index
Fibonacci Parallel Channel Elliott Wave
2
0
fibonacci parallelchannel elliottwaves
BankNifty broke a Channel it held since April, Also on smaller timeframe Impulse wave shows Formation of Fifth i.e Bullish wave
If standard Fibonacci Extention for fifth wave is used, We can see 41200 as Next level from where we can see a correction/ consolidation
Comment:
41200 target Achieved
Trade closed: target reached
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