It lacks the steepness of third wave. Look at the curve. if it breaks the center line of the channel it may touch target 1 and target 2.(ensure center line of channel is broken) Most of the banks declined today. Let us if there anything comes as huge positive to boost bank nifty. SBI seems to be correcting. It has enough space to fall to 409-405 zone. private sector banks are too correcting. let us see if today's low is broken or not tomorrow. after many days I am posting about bank nifty . don't forget to like my post. follow me to get updates,
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In some cases center line reversal takes place ensure that center line is broken on closing basis.