Weekly nifty Elliott wave theory its time to ride C wave
As i have observed market has been long form the log time after 2008 crisis if we impose the five wave pattern in it as i show in chart Please correct me if my wave count is wrong i just want to discusses weather we have right now a big short or not i feel in before march 2021 market will fall and it been in 2008 Please share your view on it.
Some point which also supporting the fall in the market
This is my first post If i forgot to mention something please forgive me
Some point which also supporting the fall in the market
- Repo rate of RBI is at all time low 4 % for us its .25 % just above the zero as it was in 2008
- NIfty PE ratio is above 28 which also indicate not to go long in current circumstances
- Conflict Between world and china
- Every one is aware of pandemic condition we have right now
This is my first post If i forgot to mention something please forgive me
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