Hey guys !
Please check out the latest count in nifty as per Elliott wave theory. The nifty look in a retracement for last impulsive move from the lows of Jan 2022 and to the top of 1st December 2022. In my view the nifty has completed its wave 1 downwards and retracing for wave 2 upside, if it retraces upto 61.8% then we may start falling from 18679 that is the level of 61.8% of wave (i) downwards.
All counting are marked on the chart. This is strictly for educational purpose.
Your inputs are highly appreciated.
Thank you.
Please check out the latest count in nifty as per Elliott wave theory. The nifty look in a retracement for last impulsive move from the lows of Jan 2022 and to the top of 1st December 2022. In my view the nifty has completed its wave 1 downwards and retracing for wave 2 upside, if it retraces upto 61.8% then we may start falling from 18679 that is the level of 61.8% of wave (i) downwards.
All counting are marked on the chart. This is strictly for educational purpose.
Your inputs are highly appreciated.
Thank you.
Comment:
We are in right direction
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17820 may be the target of the wave 3 downwards...! No matter how much it retraces.
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We can further move to 18520-30 level for 2 of 3.
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Guys have changed the count but not able to upload chart. Nifty may get reversal from 18150-160 level, please keep watching the level. Im really sorry not uploaded chart on Trading view.
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Now Nifty can be made long! for 19000
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The level of 18163 came and will hopefully not come now...!
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Marked level has reached for 3rd...if the count are correct then more downside after a retracement.
Just Play the chart and see the magic.
Chart was updated on Dec 13
Just Play the chart and see the magic.
Chart was updated on Dec 13
Comment:
seems it will come down more ! Be alert.
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