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Niftydirection
May 14, 2021 10:54 AM

Nifty Next Move (Continuation To earlier Chart) Long

Nifty 50 IndexNSE

Description

Wave C seems to be ended today near 14590
v of C was ending diagonal with internal zig zag moves.

Fresh Impulse has started 1,2 done and 3 started or a,b done and C in progress.
Expecting 1.382-1.618 when 3 or C goes up beyond 1.618 level extension is expected.

###Earlier idea link can be found below####

DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis

I may or may not trade this analysis. Details in description.
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Comment

We are in 3rd wave of C which is extended
Comments
dhinesh_kumar
I noticed ending diagonal's wave 3 is smallest wave, so either wave iv of C is expanded or some other wave count
Niftydirection
@dhinesh_kumar, you are right thanks for spotting. (3) of ending diagonal is smaller than (1) and (5). So count looks wrong (5) will be (3).
Currently we are in (4) which could go max 14732.
But (5) may or may not make new low.
Praveenshilpy
Sir your analysis are matchless
Niftydirection
@nacpraveen didn't get you
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