BANKNIFTY Wave Analysis
Updated
The near future on BANKNIFTY looks pretty intense. Many market participants are expecting a correction and some are just looking to buy on dip. I have drawn 2 possible outcome with the help of wave analysis. The red line is correct wave, whereas blue line is impulse wave. I will track this wave and update in case things change. As we all know nothing is certain in stock market.
Note
BANKNIFTY at a turning point and reversal pattern on 5 minutes chart. Not that bearish though.
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