AJAYSHARMA

I think wave b is over. Wave c has started.

NSE:NIFTY   Nifty 50 Index
I think today's high completed c of y of b . Wave C has already started . It has given a clear cut 5 wave move for wave 1 . Has completed a wave 2 . Now the wave 3 is starting . Note this can be a wave c of a ziz zag or a triangle . It wave c of a triangle expect to rest at 10455 , which will only be a wave c of a triangle b , means more choppiness for June and this will be a 3 wave move . If this is a wave C of a ziz/zag then it has a potential to go to 10250/10300. How do we find out the difference between these 2 scenario early on in the trend ? It depends whether wave a of the sequence whether it was a 3 wave or a 5 wave move . I have counted this as a 5 wave move of I expect wave C of a ziz zag .The speed and depth of the upcoming wave 3 will clarify the counts further . Regards
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.