NeeteshJain
Long

NIFTY READY FOR NEW WAVE, COMPLETES CORRECTION PHASE

NSE:NIFTY   Index of the 50 listed India companies
As per Elliott Waves Principles guidelines, Nifty             1.59% has completed its complex correction where two corrective patterns where formed. First was Flat correction pattern where 3 Waves (ABC) subdivdes into 5-3-5 correction (marked as W) and another is simple zig-zag correction where 3 Waves (ABC) subdivides 5-3-5 (marked as Y). Both were connected by inverted Zig-zag three waves pattern (marked as X)

This above complex correction completes the corrective phase of the previous wave and now we could see another 5 uptrending Waves.

Go Bulls, Go Bullish
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Are you still Bullish on NIFTY? any SL?
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NeeteshJain PRO leewongavatar
Yes until it breaks and close below 8520
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leewongavatar NeeteshJain
Thank You Neetesh!
+1 Reply
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