KardamRishi

Nifty 50 Wave Count And Trend

Long
KardamRishi Updated   
NSE:NIFTY   Nifty 50 Index
Hello Friends,
Sunday is a good time to count wave
Nifty still in ending diagonal pattern
Counts updated. We are in 5C of 5 of Ending Diagnal pattern and its last leg of ED and this prime impuls cycle.
Regards
Comment:
❗❗ 𝙍𝙪𝙡𝙚𝙨

● In the expanding variety, wave 3 is always longer than wave 1, wave 4 is always longer than wave 2, and wave 5 is always longer than wave 3.
● Going forward in time, a line connecting the ends of waves 2 and 4 diverges from with the line connecting the ends of waves 1 and 3.
● Wave 5 always goes beyond the end of wave 3.

❗ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨

● Waves 2 and 4 each usually retrace .66 to .81 of the preceding wave.
● In the expanding variety, wave 3 may be equal to 1.618 the length of wave 1, and wave 5 may be equal to 1.618 the length of wave 3.
● In the expanding variety, wave 5 usually ends slightly before reaching a line that connects the ends of waves 1 and 3.
Comment:
Target 123.6 Target 2 161.8
Trade active:
First Target Achived
Happy Trading and Enjoy Hindu New Year - Happy Gudi Padava
Trade closed: target reached

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