NiftyBank elliott Wave analysis 27th Jan 2020

Nifty Bank Spot :

Nifty Bank Spot Hourly Elliott Wave
Nifty Bank Spot Hourly Elliott Wave 

Nifty Bank is going through a complex correction. Current Market price is around 30800 and Higher degree  of correction wave forecast (A)(B)(C). 

100% Fibonacci level of wave (A) is at 29950
161.8% Fibonacci level of wave (A) is at 28875
Potentially Wave C will be ended at 29950/28875

On Lower degree of wave (B) is abc correction. As we can see wave "a" is finished at 31400 and correction wave "b" is going to complete between 30700-30800. Wave "c" will be finished around 31700.

Closing below 30600 abc wave pattern will be nullified and we will see fast fall towards Wave (C) ending 
29950/28875.



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