Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own...
In my last post I made a forecast that the 8440 (Final Target) mark should be achieved by Nifty for the completion of Wave B and as you might have noticed, Nifty not only achieved the target level of 8440 it never gave a close above the 8440 mark. As of now I will still hold my previous view and as per the prevailing count the last Wave C is still to unfold...
Here I'm giving my short term view on Nifty 50 using Elliott Wave Analysis. As you can see the structure is that of a Triple Zig Zag and currently we are in the last leg of this Complex Correction. I believe there is a high probability that Nifty will give a reversal b/w 8340 to 8370, if not then T3 : 8440 will be on cards. STRATEGY : Wait for reversal. ...