The Elliott counts looks to be complete on Nifty50. There is expected a correction or crash nearby. D waves is a system that helps us to identify accurate Elliott count . This is not financial advise. do your own research before making an investment decision.
Comment:
D waves is an algorithm based dynamic system that helps to count the Elliott waves correctly. The assumptions have been made based on same system output.
Comment:
nifty fell a whopping 0.72% today. thsi zone is a zig-zag zone. selling must be executed on high break only. some spikes down trap the retailers who sell during the spikes down.
Comment:
more than 1% fall in last 3 days.
Comment:
2.3% fall till now.
Comment:
D waves system tells us that if Elliott 5 has completed on TF8 then there appears 12345 Elliott structure on TF6 as corrective waves.Nifty is now in wave 1 of 12345 corrective structure. Expecting wave 2345 downside.
Comment:
OR it can be abc down on TF6 and then ending abc upside. In this case also price is in wave a of abc correction.
Comment:
As per D wave system, nifty is expected to 20k zone in its current run.
Comment:
The current break of high on Nifty is just SL hunt of bears. Bull trap being reported by the system.
Comment:
Our initial idea about Nifty was that it will crash towards 18k-16k. The idea still holds good as Nifty made an initial bear correction and now has printed a bear flat by breaking the ath a little. so we expect a crash as per D wave system.
Comment:
Nifty made Good fall in last 2-3 days. Next support zone is 22000-21700 . A break through if happens , then we will target 21300 zone.
This is not a financial advice.
This is not a financial advice.