Tarique18
Short

Nifty 50 heading towards 7500

NSE:NIFTY   Nifty 50
89 1 3
After rally from 6800s to almost 8000 Nifty             needs to take a break. We can see 5 wave pattern in the leg up, so most likely we will see a correction now. I would love to see it stop around 7500 and then rally hard from there after taking support at around 38% correction. But since this seems to be a wave 2, it can go much lower. We need to see how it behaves around 7500 to further decide targets.
can you please show wave theory in chart
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