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Bank Nifty EOD Dec 27 Update

Bank Nifty bounced back from 17600 level(3 digit Gann number).
This is hourly chart. If wave 3 is completed at 17609, then wave 4 will move towards 18200/18300 level. It looks triangular pattern formation (ED/Complex correction) possibility is likely. On Dec 25 post I wrote "If RSI brakes 44 level and move up then we can look for reversal or bigger correction. If hourly RSI breaks 25, we can expect sharper down move." Today on Hourly chart RSI broke 44 level and then Index zoomed sharply.  Let us take a look at 15 min chart:
 It seems wave i & ii of wave 4-(A) upside completed. wave iii(i) and iii(ii) also completed and wave iii(iii) is in progress.
 
Again 1 SD line of Inside Pitchfork acted as strong support and Index bounced back. Index now may quickly go to median(central) line.
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