EW analysis of Nifty
מעודכן
I am considering 2009 dip as the starting point for the analysis. So as per the analysis, sub wave iii of wave (v) of wave [iii] is either going on or completed.
now, wave iii is at the 100% fibo extension in.tradingview.com/x/Ht9HlEPf/.
here is a probable count for the fractals of wave iii,which suggests that wave iii is complete and iv is started https://here.https://in.tradingview.com/x/vVGsGLxT/,
regular bearish divergence formed recently, which is suggesting that wave iii is completed. in.tradingview.com/x/REK9x3se/,
occurrence of flat correction is high in wave iv, and it seems, a flat correction has started here. but flat corrections don't do deep retracement, here are the retracement levels to watch for
now, wave iii is at the 100% fibo extension in.tradingview.com/x/Ht9HlEPf/.
here is a probable count for the fractals of wave iii,which suggests that wave iii is complete and iv is started https://here.https://in.tradingview.com/x/vVGsGLxT/,
regular bearish divergence formed recently, which is suggesting that wave iii is completed. in.tradingview.com/x/REK9x3se/,
occurrence of flat correction is high in wave iv, and it seems, a flat correction has started here. but flat corrections don't do deep retracement, here are the retracement levels to watch for
הערה
price bounced from horizontal support הערה
probable move in weekly, in.tradingview.com/x/58piKQa5/, wave iv can push the price to 9200-9600 level.
הערה
after wave iv , last leg of impulse i.e. wave v can take the price towards 10800+ levels.הערה
here is the probable move in monthly time frame הערה
there was a nice bounce from the horizontal support, הערה
now nifty looks bearish, trend line support broken , then it tried to retest the broken trend line , and bearish engulfing formed while retesting it. 
כתב ויתור
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