Nifty 50 Indexלונג
NIFTY: Elliott Wave Analysis from recent lows of 10k
From the recent lows of 10k the chart shows the major Elliott cycle in green. Waves 1,2,3 are completed. Wave 3 structure is shown in blue.
Wave 4 is under progression and is most likely be a flat/irregular correction or a triangle.
Wave 4a should complete around 11200-11450 region, before heading for Wave 4b upwards for 12106/12300 range, following Wave 4c should again retest the lows of 4a or slightly lower.
Then we should the final Wave 5 uptrend which should take us to 12700-13200 range.
Please do comment and provide any feedback. Do leave a Like and follow me to further follow up on my ideas.
Wave 4 is under progression and is most likely be a flat/irregular correction or a triangle.
Wave 4a should complete around 11200-11450 region, before heading for Wave 4b upwards for 12106/12300 range, following Wave 4c should again retest the lows of 4a or slightly lower.
Then we should the final Wave 5 uptrend which should take us to 12700-13200 range.
Please do comment and provide any feedback. Do leave a Like and follow me to further follow up on my ideas.
כתב ויתור
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