From Elliott wave principle it is identified Zig Zag correction ended at price 44444 and started forming leading diagonal pattern an impulsive price action labeled as Wave (1)/ Wave(A) now this wave also retraced by corrective price action of Zig Zag contained with in the parallel price channel labeled as Wave (2)/ Wave(B). Price on break above this parallel price...
According to EWP the Banknifty index is forming ending diagonal wave wave 5 of ending diagonal is in progress of upward move on completion of wave 5 of ending diagonal bank nifty index, could see bearish wave count.