ew-forecast

Nifty May Still Reach Lower Levels Before Turning Up Again

NSE_EOD:NIFTY   Nifty 50
On the Daily chart of Nifty             we are tracking blue wave c-circled the last leg of a three wave pull back. That said price already made four red waves to the downside, with red wave (v) still unfolding. Price could reach the fibo. level of 50%, before turning to the upside.
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Thank you very much for your update on $NIFTY. Few questions -

1. If market goes above 8055 , do you interpret it as truncated (v) and hence completion of entire correction?
2. What is your SL for this analysis of im-complete correction?

Thanks in advance.
Reply
praveenvs praveenvs
8055 is (iv) of C
Reply
i gree.. lower coming.. might get small bouce but i say sell on rise...
Q this abc is wave 4?? or wave 1?
Reply
THANKS FOR CHART N LEVELS.
+1 Reply
You are welcome.
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