Not an expert in Elliot Wave but this is my analysis. Plotted Elliot Waves on Weekly, Daily and 4 hourly charts.
My analysis -
Target - 12200/400 (Weekly Wave 5)
Period - B/W April to June 2019
Current Scenario - We might witness 3- wave correction a-b-c. 10,900 Levels will be crucial support level in near future.
Note - This is Just for knowledge purpose....
Are we expecting a reversal? The cypher pattern is often found in early stages of trend reversal
The (C) level 1.27 - 1.41 of XA extension is an important element of structure
The (D) level forms - 78.6% of XC
Best of luck
Nifty forming a Potential Gartley Pattern on hourly chart
Criteria 1 - Market forms (B) by fulfilling 61.8% retracement of the XA leg
Criteria 2 - Market forms (C) by fulfilling at least a 38.2% to 88.6% retracement (ideal 61.8%) of AB leg
Criteria 3 - Market forms (D) by fulfilling 78.6% retracement of XA leg