Kshitij_008

Elliot Wave - A possibility - 22 2 22

Short
NSE:NIFTY   Nifty 50 Index
Hi
The Above wave structure is self explainatory, and a possibility
A wave and B Wave Completed. and C wave Going on...
of this C wave....1st to 4th Wave is completed.
5th Wave going on.
1st wave down move of 750 points,3rd wave downmove of 800 points so 5th Wave might be of 700 wave atleast...
So 4th Wave high is around 17380, so 700 points from those high - target could be around 16700-16650.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.