As discussed in my previous post, Nifty is currently undergoing a wave 4 correction as per long term Elliot wave analysis. Let us look at the short term wave count in todays analysis.
As shown in the chart, there is a possibility that Nifty has entered wave C of the corrective phase. If the wave count hold true, we could revisit the yearly lows of close to 15000 before resuming the wave 5 rally.
All the best the traders !!!
As shown in the chart, there is a possibility that Nifty has entered wave C of the corrective phase. If the wave count hold true, we could revisit the yearly lows of close to 15000 before resuming the wave 5 rally.
All the best the traders !!!
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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.