Nifty 50 achieved the final target (nearly) as per the target of Expended ending diagonal in the form of ABC wave. The ABC move was very sharp. 0-2 and 2-4 trend lines breakout clearly visible, but the major 4th wave high is still not broken. Here i have drawn new 0-B trend line (BLUE COLOR) may decide the further movement in long term.
Lets see the scenarios related with the trend line. Scenario 1- If the upcoming wave (may be 4th wave) breaks the 0-B trend line - Bearish control. - Scenario 2- If the upcoming wave (may be 4th wave) respects the 0-B trend line - Bullish control.
******RSI diversion is noticeable******
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