Nifty 50 Index
Long

Nifty 50 - a bullish EW count

119
Here's a very bullish count for the Nifty 50. Is it due a turn to the upside after a 6 month correction? This counts suggests that we have seen a simple ABC zigzag correction that has completed at the 38.2 fib correction. Perhaps it's a bit early days to say the trend has changed but there has been some positive price action this last few weeks.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.