Before I start, I recommend you to read the following article:
Is Bank Nifty Forming An Ending Diagonal? (September 21, 2021)
Wherein you can find Elliott Wave projection on Bank Nifty daily timeframe’s chart.
Has Bank Nifty concluded the 5th wave by making a high of 41829.6?
Bank Nifty price is trying to shift at the support trendline of mid-April to June.
- Has it created A (A B C correction) by making a low of 38426.65?
- Or is it the sub-wave (4) of wave 4?