BANKNIFTYNifty Bank IndexNSE:BANKNIFTYSagarchauhan08📊 BANKNIFTY | Elliott Wave Analysis (1H) BankNifty is currently trading within a strong bullish trend after completing a powerful impulsive advance. The price now appears to be developing an A-B-C corrective Wave (4) inside the highlighted range. As long as the price holds above the marked support zone, this correction should be considered healthy and may offer a buying opportunity. A decisive breakout above the B-wave trendline will confirm the completion of Wave (4) and increase the probability of the next impulsive Wave (5), which could drive BankNifty to fresh highs. Key Levels: ✅ Support: Lower boundary of the Wave (4) zone ✅ Resistance: Descending B-wave trendline ✅ Bullish Trigger: A strong close above the trendline 🎯 Potential Target: Wave (5) extension toward new highs Disclaimer: This analysis is based on Elliott Wave Theory and should be used for educational purposes only. Always wait for price confirmation and follow proper risk management before taking any trade.