Bank Nifty’s Fall Predicted using Neo Wave.

Neo wave along with price action helps to form powerful setups with good accuracy. Neo wave is an advanced Elliott wave that provides forecasting ability. We anticipated a fall in Bank Nifty. The index moved precisely as expected!

We derived a path for Bank Nifty in our recent Sutra of Waves (SOW) training held on 22nd -23rd February 2025.

Bank Nifty Hourly Chart: Anticipated as on 22^nd February 2025
Bank Nifty Hourly Chart: Anticipated as on 05^th March 2025
Anticipated - The entire fall in Bank Nifty looks to be unfolding in the form of a complex correction. We mentioned that wave x got completed on the upside and the current fall is in the form of wave Y which is further subdiving in nature. Wherein, wave c is ongoing on the downside which brings out the possibility of a zigzag pattern with the target of 47783 levels.

Happened – Bank Nifty is in sync with our Neo wave counts. The index witnessed a fall of more than 1000 points in the form of wave C (blue) after the webinar and almost achieved our given target of 47783 at 47845 levels. The Index thereafter took support of its Gann level of 47851 levels and bounced on the upside which was expected. For now, a break above 48980 levels will confirm completion of wave c on the downside.

Above method simply shows by combining simple aspect of wave pattern along with price action one can derive good risk reward trade setups and forecast the market before the move happens.

In a nutshell, Bank Nifty is still unfolding in the form of wave C on the downside. A breach below 48980 levels can confirm completion of wave C on the downside.  Until then, we can expect the down move to continue.

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