chirag_Khasiya
Long

BankNifty Elliott wave analysis for 3rd sep onwards

NSE:BANKNIFTY   NIFTY BANK
In this chart I have mentioned last impulse started from 27782 to 28388 looks (A or 1) and 28388 to 27941 as ABC correction looks (B or 2).
next 100% and 123% projection for wave C or 3 is coming at 28547 and 28686 respectively which can be minimum target for bank nifty . In that case 38% retracement of wave (c or iii )(28344-27941) which is coming at 28095 is very important to watch out. Above this level we can see good up move towards target range given in chart. For long position one can use 27941 as stop loss.
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