NIFTY 50 poised for counter trend growth
NIFTYNifty 50 reached cycle wave III earlier in the year and is seems to have finished primary wave A down and is tracing minor wave 3 up of intermediate wave 1 of primary counter trend wave B. The most probable target is at 1.618 extension of minor wave 1 at the index level of 9367
Trade closed: target reached
Prices reached 9,038 in 6 days, delivering 3% of gains.
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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.