Last leg of correction in BNF

Bank Nifty CMP 50600

Elliott- This is a zig zag corrective pattern. Here both the A and C leg has 5 waves. Yesterday it completed the iv wave of C. The vth wave down should come down to 49230 as the minimum tgt. If this is broken then the 48340 is where it will bottom. Good news is this is a bullish corrective pattern.
Technical IndicatorsTrend AnalysisWave Analysis

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