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dhinesh_kumar
Jun 26, 2021 12:12 PM

Elliott wave analysis # 28Jun-1Jul 

NSE:NIFTY60
Nifty 50 IndexNSE

Description

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An impulse from 22apr is about to complete. Now it is in final leg - w5 of 5 of 5 and which may be extended up to 16000-50 level,

This is invalidated if breaking below 15770 level before testing 15902 level.

Disclaimer: This is just my personal view. You are advised to rely on your own analysis while taking trading decisions.

Wave count from Mar'20 low:
Elliott WaveWave AnalysisNIFTYniftyanalysisniftyprediction
Comments
sanketsudan
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Logically with Nifty closing today, there will be no upturn to 16000, and the market is poised to fall to 15300 and thereafter 14300! Is it?
dhinesh_kumar
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@sanketsudan, I have posted new idea based on last two days wave formation. The upmove from 14151 is still pending and now we are in wave 4 (forming as triangle correction). So overall one more (last) up-leg pending. After then we can expect some correction.

FYI The upmove from 14151 is wave 5 (in higher degree) for the upmove from Mar'20 low. And in next higher degree, Mar'20 low upmove is wave 5 for the upmove from 2008 low.
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