Nifty- WaveTalks: E-Wave Pending ( Rising Wedge +Critical level)

8 באוק׳ 2021

From the last idea- WaveTalks: Nifty-Can Bulls Bounce Back?- The Irregular Triangle

Few Adjustments done. Wave- D has been changed to 17941 Highs as discussed over the last idea.


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Since Morning @ 8th Oct2021 - How Index unfolded
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It could be part of the corrective structure. D-Wave could be complex correction & possibly may end as Ending diagonal (Rising Wedge) in the last part (strictly valid only below 17950)

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Why 17950- is Critical level???
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Irregular Triangle B-Wave High is 17948 crossing above that level structure invalidates & has to be reviewed again.

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As discussed in the last idea suggested above for reference.
150 + Points in the session so far achieved
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• Selling below 17950 - dropped 100 points came to 17840-17850 zone
  
  Suggested Minor Support Zone 17840-17850 - If zone holds then bounce can be expected - got the bounce to 17930+
  

Keep in mind the critical level - 17950 & E- Wave Pending if 17950 is protected. Thanks