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Is Bank Nifty Forming An Ending Diagonal?

free nse bank nifty daily chart tips

free nse bank nifty daily chart tips

Bank Nifty has completed the corrective wave (4) at 31208.
After the climax of wave (4), we have seen an impulse phase with overlapping nature. According to Elliott’s wave theory, 5th wave can become an ending diagonal.

I will update the intraday chart of the bank nifty soon.

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Mr.Guru is a registered investment advisor for Moneymunch, he is a regular guest on popular channels and writes for several newspapers and financial journals. They've black magic of stock market analysis because studied charts over 20 years.

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56 Comments

  1. Hello sir, I would like to know about Nifty. Your last call was impressive.
    You are doing great work for individual traders. Guru and dev both are market wizards!

  2. Analysts are scared to share the Banknifty ideas.
    I must say you have guts. Bank nifty’s move is very complex this time. Everybody is silent about the next move.

  3. Sir aapka ye idea bahut hi zabardast he.
    Isme muje bahut hi profit hua he.
    Aise ideas aur milenge toh mera sara loss cover hojayega.

  4. Your dedication, dedication, enthusiasm, and insight are shown in your work. Keep on doing great works like this, and there’s no looking back for you!

  5. Congratulations on your fabulous victory, dear! You deserve every bit of it! Aim for the stars, and I’m sure it will be yours! Well done.

  6. बैंक निफ़्टी ने आपके तरंग ५ को स्पर्श कर लिया है.

  7. Interesting analysis.
    You have maintained every wave which helps us to understand the structure.

  8. Amazing! I have been following a kind of similar strategy where I use the Fib channel to draw the parallel channel, which helps to know the key entry-exit levels. It’s always heartwarming to see such posts.

  9. hi.I’m New to trading. so please give me some tips to choose stock for intraday and how to do technical analysis

  10. sir i want to be a trader like aap jo bolte ho vhi hota hai bake sab bass lines bna dete hai

  11. Wow!! ..Lagta hai aap Bank Nifty ko pura nichod lenge.. Superb explanation and a lot of thanks for your hard work.

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