Nifty - Elliott Wave
Hello Friends,
Currently, Nifty is in a short-term correction.
In the long term, Nifty has been in motive impulse wave since 20 March 2023 registering a low of 16828. On a major degree, 3 wave is completed on 6 July wherein subordinate 5 wave is completed.
Currently, 4 wave correction has started with a smaller degree a wave is unfolding.
4 wave is expected to be completed within 38.2% retracement, levels are marked.
Post completion of 4 wave, on a major degree 5 wave will start..
Currently, Nifty is in a short-term correction.
In the long term, Nifty has been in motive impulse wave since 20 March 2023 registering a low of 16828. On a major degree, 3 wave is completed on 6 July wherein subordinate 5 wave is completed.
Currently, 4 wave correction has started with a smaller degree a wave is unfolding.
4 wave is expected to be completed within 38.2% retracement, levels are marked.
Post completion of 4 wave, on a major degree 5 wave will start..
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