Nifty started fresh uptrend in August month. As of today i believe we are in the correction wave which is of type expanded flat. After some more consolidation Nifty is likely to continue its bull momentum to complete the wave 5. If the 17000 level is broken then this analysis gets obsolete.
*Correction in past post:-
End of wave 4 stays above end of wave (iii) of extended wave 3. That is corrected now and the updated targets are there.
*This Analysis is for Educational Purpose only.
*Correction in past post:-
End of wave 4 stays above end of wave (iii) of extended wave 3. That is corrected now and the updated targets are there.
*This Analysis is for Educational Purpose only.
Comment:
Perfect Analysis!!!! It just hit the target 2 and returned from there. Amazing!