Bank Nifty - 1 Hour Wave Count

As seen on chart Wave 2 is taken from 34850 showing the beginning of Wave 3

Assuming Wave 3 is being extended its final 1.618 target is 38603

Sub Wave iii is currently over @ 37085

As shown Wave iv could be over @ a 0.236 retrace where Wave v would finish at 0.618 @ 37650

If Wave iv continues its max retrace is at 0.5 levels @ 36240 levels making wave v min target at 0.618x @ 37230