Nifty is not done yet as per this count and there's clearly more upside to be seen in coming weeks.
Alternatively an expanded flat in red wave iV cannot be ruled out for now, which however would still lead to more upside later.
I will update the chart as it develops further.
Thanks for reading!
Hello everyone,
Nifty is about to complete its current wave1 impulse.
correction will start to complete wave2, first target is 18030.
Note: we have shared this info for education purpose only, not a recommendation, we are not responsible for your profits or losses, always trade with your own risk.
-Nifty gave further confirmation of wave C after my last post & now heading to cross 17255 zone which is also 100% level
-As discussed in last post wave C generally retraces to 100% - 130% in most of the cases
-markets can fall further too after crossing 100% - 130% zone but 17161 is strong support from where wave 4 was started
-safe players can exit theirs...
This is Nifty 1 Hr chart ,now we are running for 5th wave of correction which is subwave of A in Zigzag pattern ABC . Post completing the 4rth wave Nifty is moving down for 5Th wave so our tgt should be in down side and we must no go for Up of long . Here are few Levels .
17700
17550
17400
Happy trading .
Hello Traders ,
as we have seen today Nifty has open gap down and make a day low of approx 250 points and then it move toward up direction .
so our view for 28th Dec 2021 is bearish, reason behind this is elliott wave principle calculation of flat pattern . as shown in figure
