What is #Nifty upto? A Falcon Waves perspective!

Celebrating Saturday with some education.

After over 2+ years of research, I have developed Falcon Waves, an easy alternative to Elliott Waves, perhaps simple wave count method for general public.

The main Falcon Waves concept is a ABCDE format
A goes to the starting point
B is a pull back for final rally up
C is the top wave
D is the bottom wave
E is the consolidation

NIFTY MONTHLY CHART - FALCON WAVE

Falcon Waves runs in ABCDE pattern. We are in wave D which has 5 waves down in #Nifty monthly chart. Looks like 3 is finished and we are in 4th wave upside. This should finish in this rally and then last wave down will end this correction followed by E wave that is consolidation

Looks like 3 is finished and we are in 4th wave upside. This should finish in this rally and then last wave down will end this correction followed by E wave that is consolidation. Falcon Waves starts with A and ends with a consolidation phase marked in E wave.

#Nifty #Nifty50 is in wave D, and it is in 4th wave of D. This should end soon around 16200-16500 levels. Followed by 5th wave down.

Here are different charts based on different time frames for your reference. You can practice it and ask questions and I will be happy to answer them.

NIFTY WEEKLY CHART - FALCON WAVE

NIFTY DAILY CHART - FALCON WAVE

Want hourly chart Falcon Wave?
Follow me on Trading View and get daily Nifty Falcon Wave counts on 1H chart.

Comment:

While doing so, here is a bear snapshot... the swords are out but it will allow you to touch 15800 perhaps.

Trade closed: target reached:

Check first chart and relate to the targets.