RUDRA007

Nifty spot good short candidate

Short
NSE:NIFTY   Nifty 50 Index
Nifty Spot CMP 13000
Elliot wave Study :- Impulse phase is on verge to mature, and if Corrective phase unfold for this whole impulse swing we might see some retracement in coming 1-3 month ,, price wise which can be 0.236% to 0.50% of this whole swing.. more details mentioned on chart..
RSI Divergence :- In last wave of impulse phase , price is making higher high where RSI is making lower high,, Bearish divergence ,, indicated soon the wave is on verge to mature..
Trend line :- At the moment index is trading around Major resistance line which is respected for the whole swing.
Chart Pattern :- In last wave of this impulse phase , rising parallel channel formation and rounding top formation are seen,, details on chart..