NIFTY Daily wave count

NSE:NIFTY   Nifty 50 Index
Appears nearing short term top.
Comment: Possibly short term top is in place.


Good Analysis, I like your Wave Counting. It seems like an Ending Diagonal and we are just about to correct from current levels. What makes it doubtful when you look at stocks scripts individually and find out strong bullish patterns emerging. Next week price action will be a good watch as it will be month expiry with Nifty trading at tops.

+1 Reply
Stocktechy NeeteshJain
Pattern is distinctly an end pattern but indices in such momentum do not correct suddenly and allow individual stocks to complete its rhythm in the first phase of mild weakness.
My friend...I cannot see wave 1.... Could you please highlight
+1 Reply
bulls still alive
Stocktechy anishkalra
Possibly Head & shoulder (weak) forming. Let us see.
Stocktechy Stocktechy
Head is now about to submerge. LOL.
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