Kshitij_008

Nifty in Waves - 28 June 2020

NSE:NIFTY   Nifty 50 Index
Hi
Scenario 1

The chart is self-explanatory. We can see the Wave A Completed near about 8060 , B Probably completed near 10540 or can go up till 10750 max which is incidently near about 61.8% of the total fall.
From there we can expect another fall to near abouts of 8000 or proabably 7500 and then we can have a glorious rally back to 12500++ in coming couple of years.

Scenario 2
There is one more possibility wherein, from the lows of 8860 to high of 10540 could be a 1st wave & the fall to 9800 approx could be a 2nd wave & overall could end this wave structure to near abouts of 11100.

Scenario 3
Possibiy there is one more scenario, wherein the current fall will be restricted to 10150, which would amount to just 23% fall from the rise from the lows of 8860 to high of 10540, then this could turn out to be a 1st Wave Extension & then 3 rd wave will go up to 61% of 1st Wave , so approximately 1000 upside from the lows of 10150

We will come to know of the structure in a weeks time. Lets see if how this unfolds.

Comments

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