vnagaraj0803

Nifty Analysis for Jan & Feb expiry

Long
NSE:NIFTY   Nifty 50 Index
The Elliott Wave theory can be a powerful tool for traders, but it's important to remember that it is just one approach to market analysis and should be used in conjunction with other technical and fundamental analysis methods

The levels are marked as shown on the charts and looks like a corrective wave.

Using fib levels to draw a forecast, the supply areas & corresponding targets are as shown on the chart.

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.