Bank Nifty Elliott Wave analysis following the decisive break of 58737 and the formation of a Dark Cloud Cover candlestick pattern near 59270 after a sharp bounce from 58278. The study reviews the current wave structure, highlights 58278 as a crucial support area, and outlines potential downside scenarios if this level fails. Nifty is also assessed for correlation risk should Bank Nifty resume its decline.
Source: https://www.fxstreet.com/news/dark-cloud-cover-in-bank-nifty-58737-broken-58278-crucial-nifty-elliott-wave-bulls-beware-video-202601211355
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