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TrendonomicsHD

Nifty Elliott Wave Analysis

Long
Nifty 50 Index (NSE:NIFTY)  
TrendonomicsHD Updated   
NSE:NIFTY   Nifty 50 Index
Fibonacci Elliott Wave Parallel Channel niftyprediction elliotwaveanalysis elliottwaveprojection niftyoutlook stockmarketcrash finbonacci trend Descending Channel Contains image
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fibonacci elliottwaves parallelchannel niftyprediction elliotwaveanalysis elliottwaveprojection niftyoutlook stockmarketcrash finbonacci trend descendingchannel containsimage
NIFTY near to completing a triple zigzag correction from the High of 18900 odd.
Market retraced 50% of the previous Rally from June - Dec 2022. Retracing back to sub wave 4 of previous impulse.
Momentum Divergence from RSI at oversold zone. A counter trend bounce looks imminent from these levels.
Comment:
From 17000 in March 2023. We have come a long way to 20k.
We still have much more upside.
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