Based on my previous Nifty 50 charts this time I tried to explain more with texts and markers on chart. I hope it would help you to understand. This is just my prediction, It could be wrong anytime.
After wave A to B retracement which was almost 0.382 from the previous wave (Must mention that SGX Nifty was 17014 that day, exactly where I pointed out) now the wave C could be 1 to 1.414 (Between 17748 to 18031). But I would say wave C must be not more than 17900,
The yellow box is the sideways box. Dashed lines are all trend lines.
Hope you traders will like it. Thanks for viewing ":-)
After wave A to B retracement which was almost 0.382 from the previous wave (Must mention that SGX Nifty was 17014 that day, exactly where I pointed out) now the wave C could be 1 to 1.414 (Between 17748 to 18031). But I would say wave C must be not more than 17900,
The yellow box is the sideways box. Dashed lines are all trend lines.
Hope you traders will like it. Thanks for viewing ":-)
Trade active:
Hello Friends, Recently Nifty's current wave C almost reached the Fib point 1(17748), Right now SGX Nifty is trading on 17815 (Fib 1.272 )which is almost my prediction point as in the chart layout. Hope next trading session it will reach to 1.414 (18031)