Nifty 50 correction – where does it probably end?
Oct 23, 2024
After hitting a high of 26,277, Nifty began spiraling down.
On the weekly chart, it appears like Nifty has completed Waves 1, 2, and 3.
It is now in correction in the form of Wave 4.
In Wave 2, Nifty corrected by around 17.5%. Common Fibonacci retracements for Wave 4 would target: 23.6% of Wave 3 or 38.2% of Wave 3, which is the maximum.
Do you think this is possible? Share your thoughts with us through comments.
Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
After hitting a high of 26,277, Nifty began spiraling down.
On the weekly chart, it appears like Nifty has completed Waves 1, 2, and 3.
It is now in correction in the form of Wave 4.
In Wave 2, Nifty corrected by around 17.5%. Common Fibonacci retracements for Wave 4 would target: 23.6% of Wave 3 or 38.2% of Wave 3, which is the maximum.
Do you think this is possible? Share your thoughts with us through comments.
Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
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