banknifty is in irregular b wave flat correction since from february 2021 it will complete near 32000 level and last fifth wave of c wave is pending
nifty is in complex correction since from october.now it has completed a double zigzag correction,if one more zigzag comes it completes the correction or if there is no zigzag then there is a huge possibility of a triangle.
as long as todays low is not broken we are anticipating is a poweful upside rally upto 18600.
banknifty completed tripple zigzag correction in hourly timeframe.as long as todays low is not broken upside rally should continue
todays low in banknifty is most crucial because if it breaks todays low the wave counts become entirely diffrent.i think today we have made bottom and upside rally should continue from tomorrow.
maruthi completed wave 2 correction,powerful 3rd wave already started towards 13500.
ITC completed wave 1 leading daigonal which started in 2020.wave 2 correction is going on.powerful wave 3 is likely to start either from 174 level or from 220 level towards 538.
kotak bank is forming expanding leading daigonal in wave 1 after a sharp correction ,powerful wave 3 is expected after completion of this pattern
wave 3 rally seems over,still upside pending after wave 4 correction towards 7734
banknifty completed first impulse wave 2 correction tomorrow and the big wave 3 may be on expiry day.
still upside rally pending go long to make full use of it
not sure wheather its an first downside impulse or wave 4 correction
wave 5 rally started towards 36500...........................................................................
Go long to catch final upside rally towards 16418,but be careful with long positions
wave 3 rally is yet not finished.still upside rally is pending towards 16400
final upside rally already started towards 16200,dont short untill 16200 is reached.good luck
wave 2 zigzag correction completed,now its time to go long