As looks like, Bank Nifty is going test lower level as it is falling down from ATH in 12345 pattern for more confirmation we need to break below 35330 then will see 34000 to 33000 levels from there we can expect a good bounce.
Those are holding, their shorts in Bank Nifty keep the Friday high SL & hold the position.
Due to overlapping nature it couldn't be an impulse wave. You should label it as complex correction.
VK100982
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@trendabhi, thanks but as per finding from April 2021 low Bank Nifty consume lot of time to reach ATH that shows the personality on B in Expanded flat now the fall in BN is fast in comparison of April 2021 lows. So i would like to stick with my view....some of them will put WXY & you can share your counting me on telegram @vikaskhabrani....thanks
@VK100982, Is it 'C' of expanded flat on daily chart?
VK100982
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@trendabhi, Abhi April 2021 low till 41000 we hit was lot of time consuming & B always time consuming wave as per personality.....understand that ladder we climb in 6 months to reach new heights and now we are close that level in 01 month where from we started in April 2021 means we are coming down in impulse.....!!!