Is Bank Nifty forming An Ending Diagonal?

Nifty Bank Index (NSE:BANKNIFTY)

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NSE:BANKNIFTY Nifty Bank Index

Trend Analysis Elliott Wave Parallel Channel BANKNIFTY bankniftyelliottwave bankniftyexpiry bankniftytradesetup bankniftytrend bankniftyanalysis bankniftytrading bankniftyoptions bankniftyview

trendanalysis elliottwaves parallelchannel banknifty bankniftyelliottwave bankniftyexpiry bankniftytradesetup bankniftytrend bankniftyanalysis bankniftytrading bankniftyoptions bankniftyview

Bank Nifty has completed the corrective wave (4) at 31208.
After the climax of wave (4), we have seen an impulse phase with overlapping nature. According to Elliott's wave theory, 5th wave can become an ending diagonal.
I will update the intraday chart of the bank nifty soon.
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