Nifty 50 Elliot wave analysis

Nifty 50 IndexNSE

Description

⋅ Feb 28, 2018 11:59 AM

Applying Elliot wave principle to Nifty gives us top at wave 5 at c. 12,800. from there we can see retracement till 61.8%. At the moment I think its still in uptrend and could see start wave E shortly.

Kind regards,
Priyesh Khunteta

Wave Analysis