I set language as English but chart scales turned to some other language and tools also
As numbered in the chart, nifty might be in its last legs of correction. and might go down soon.
seems like 123 waves are over and 4th wave is in progress or the 5th wave has started
seems like 4th wave is complete with exact 0.382 retracement of the 3rd wave and stock should shoot up to finish the 5th wave
soon we can see minimum level of around 125 or if wave 3 is confirmed price can go to 135 levels also
measuring the thrust of the triangle we can project an upside target for the bitcoin at 72000 levels for the medium term Once the Wave-E ends, we can see an upside thrust for wave-5 subscribe to wolfanalyst where I explain how to identify and project future prices for any financial instrument using the elliott wave principle Please Subscribe to learn elliott...
my view for the banknifty for medium term is bearish... seeing bank nifty at 32600 levels...
Seems like the 4th wave correction is will complete at the levels 227-229 got the move above 239 Entry Levels: 227-229 Strict SL: 223.3 Take Profit : 239 Also there is a high probability of 5th wave getting extended as the wave 3 is not more than 1.618 times that of wave 1.
IOLCP is already halfway through the target... Target placed at the start of the Ending diagonal...
Nifty will correct the recent steep fall and go back to 9600 levels and then the sell off might continue target ranging from 6800-7200. Don't be in a hurry to sell... wait for the correction to complete.
I hope the C wave in the form of an ending diagonal has terminated finally and if the stock opens above the trend line it might head to 600.
Expecting some Good News soon about the Corona Virus Pandemic!