After the Nifty 50 Index made a low in April '21 at 14151.4, the index has been rising as an expanding impulse structure with four waves likely complete at 15510.
Based on various Fibonacci ratios, we would expect an end to this expanding impulse soon, perhaps near 16600-16900 as possible reversal zone.
Elliott wave Analysis, All types of Asset classes are covered like, Indices, Stocks, Currencies and commodities.
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Elliott wave Analysis, All types of Asset classes are covered like, Indices, Stocks, Currencies and commodities.
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.