Bank Nifty Weekly Analysis with Elliote wave + Price Action !
Hello, guys welcome Back My self Ravindra,
Guys please if you like my analysis then like it takes hours for making No more words Please.
When you analysis Through elliote wave, Wave 3 is done at 22000 Level which is approx 0.0382 Fib level Its confirm when you making internal wave in 3 rd wave Which is at 13000 So we can consider this as wave 4 Now According to Elliote Wave after wave 5 we see a major fall in bank nifty Around 16000 Points Within weeks does it was a corona effect? I don't think so Because Price has fallen in the first week of January when there are no corona cases in India, Price has fallen until the last week of march When worldwide economy down Stocks moves In a positive direction.
According to technical analysis, we have done our 5 th elliote wave at 33000 levels ( We Have done our impulsive Wave )
, Now price is riding on a corrective wave A, B, and C According to my view we will see 23000 levels in bank nifty in upcoming weeks if it will retrace 50 % Then we will see even the price of the bank nifty at 25000-27000-30000 level in upcoming.
I am not taking any fundamental analysis So Trade with proper knowledge
What did you think why the price rising in this bad economy?
Thanks
Guys please if you like my analysis then like it takes hours for making No more words Please.
When you analysis Through elliote wave, Wave 3 is done at 22000 Level which is approx 0.0382 Fib level Its confirm when you making internal wave in 3 rd wave Which is at 13000 So we can consider this as wave 4 Now According to Elliote Wave after wave 5 we see a major fall in bank nifty Around 16000 Points Within weeks does it was a corona effect? I don't think so Because Price has fallen in the first week of January when there are no corona cases in India, Price has fallen until the last week of march When worldwide economy down Stocks moves In a positive direction.
According to technical analysis, we have done our 5 th elliote wave at 33000 levels ( We Have done our impulsive Wave )
, Now price is riding on a corrective wave A, B, and C According to my view we will see 23000 levels in bank nifty in upcoming weeks if it will retrace 50 % Then we will see even the price of the bank nifty at 25000-27000-30000 level in upcoming.
I am not taking any fundamental analysis So Trade with proper knowledge
What did you think why the price rising in this bad economy?
Thanks
