Daily Chart of Bank Nifty Price today at 19-01-24
Check the above image with possible Elliott Wave count as on today 19-01-24.
Wave 1 Completed on 25th Oct 2021 at 41829.60 level
Wave 2 on 17-06-2022 at 32990.55 level
Wave 3 Completed on 21-07-2023 at 46369.50 level
Wave 4 completed on 26-10-2023 at 42105.40 level and
Wave 5 completed 28-12-2023 at 48636.45 level which is all time high
Now BN headed for much lower level 1st at end of wave 4 around 42000 after that we will review the count of falling leg. till then enjoy shorting the BN at every rise.
Is Bank Nifty bullish or bearish?
Bank Nifty is bearish now unless it cross 48000 level in faster time. So its sell on rise market.