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A Complete Report of the Bank Nifty

Posted: 31 Oct 2021 11:51 PM PDT

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. See below chart:

Has Bank Nifty concluded the 5th wave by making a high of 41829.6? Look at the below chart:

Bank Nifty price is trying to shift at the support trendline of mid-April to June.

Look at the below chart to find correction possibilities:

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Last Warning to NIFTY Sellers

Posted: 31 Oct 2021 09:46 PM PDT

Nifty is forming corrective wave 4 of wave ((5))

Nifty has made a high at 18604 and started falling due to conclude of wave 3.

It has broken the base channel due to high selling pressure on Nifty.

The following terms confirm the nifty pullback.

The corrective wave can complete if it sustains in the channel trendline.

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If you have any questions or concerns about the stock market, don’t hesitate to contact me:

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The post Last Warning to NIFTY Sellers appeared first on Moneymunch.