Elliott wave analysis # use dip to go LONG

١٥ يونيو ٢٠٢١

Nifty and BankNifty are in wave 5 of (3). Wave i of 5 was completed. Use wave ii correction to go long.

Projected level: 16050-100 and 36000-36100.

BankNifty

١٧ يونيو ٢٠٢١

ملاحظة

From day low, an impulse completed wave 1. Wave 2 is in progress and about to complete. Going to move higher for 15900-950 level.

١٧ يونيو ٢٠٢١

ملاحظة

Banknifty: from day low wave i of 3 completed.. About to move higher for 36000 level.

Both Nifty and BN may take 2-3 days to reach the level.

١٧ يونيو ٢٠٢١

ملاحظة

Stop loss: 15675 and 34660

١٨ يونيو ٢٠٢١

ملاحظة

The fall may continue today after some pullback (maybe till 15760-800 level). It need to take out yesterday low.

After this fall, I need to see wave formation to get view on direction.