Elliott wave analysis # revised wave count

I expected wB of 2 was in progress but there was some mistakes in wave decoding. Its not wB, it is w3.

Banknifty revised wave count

Nifty current correction wave count

Banknifty current correction wave count

Disclaimer: This is just my personal view. You are advised to rely on your own analysis while taking trading decisions.

Komentarz:

Nifty

Banknifty

Komentarz:

BankNifty - completed the fall and moving higher for wave 5 35810 level.

Nifty - the correction from 4th Jun is still in progress and developing as expanding/irregular correction. It may move up along with Banknifty,

Komentarz:

Updated wave count

Nifty

BankNifty

Komentarz:

Updated wave count

Nifty

Banknifty