Reigning The Bank Nifty 14th January 2025

Weekly Chart 

The Bank Nifty has closed decisively below the up trendline maintained since 2020 March. The candle formed is bearish indicating bears in full control.

At the same time it has also decisively broken the neckline of the topping head and shoulder formed as shown below. Target is 44940

Weekly Chart 

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Happy Trading !! 

Lakshmi Ramachandran

Reigning The Nifty 6th January 2025

Weekly Chart 

I'm not an expert on Elliot Wave analysis.  I'm just a casual learner. 

I would love to get comments on whether my counts are okay.

Besides the wave predictions, Nifty is considered to carry on the uptrend till the green channel is broken decisively. The level is at 22500 for this week.

The falling wedge shown in red indicates an upward breakout thus continuing the uptrend.

follow me on Twitter http://twitter.com/#!/lucksr 

Happy Trading !! 

Lakshmi Ramachandran