Nifty 50- Elliot Wave Count SHORT!
Updated
Attached: Nifty 50 Hourly Chart as of 25th April 2023 EOD
A Leading Diagonal in form of ABCDE in Wave 1/ A and then a Pullback in Wave 2/ B
And Now the 3rd Wave/ C Wave has started
Targets for this Wave Down are anywhere from:
17600 to 17340
Note: Alternatively the Leading Diagonal could also be Wave 4 and 5th Wave is complete and so Wave 2 can Dip down to Previous 4th Wave Low which also comes to approx 17575 as our 1st Target
A Leading Diagonal in form of ABCDE in Wave 1/ A and then a Pullback in Wave 2/ B
And Now the 3rd Wave/ C Wave has started
Targets for this Wave Down are anywhere from:
17600 to 17340
Note: Alternatively the Leading Diagonal could also be Wave 4 and 5th Wave is complete and so Wave 2 can Dip down to Previous 4th Wave Low which also comes to approx 17575 as our 1st Target
Trade closed manually
Price back in Green after hitting 17711, 20 Hour SMA holds. So the kind of Move you'd expect in a 3rd Wave did not play out so this Wave Count is negated.Could be something else but no strong direction on the downside at least
Siddharth Bhansali
✔️Twitter Handle @T_Harth
✔️Twitter Handle @T_Harth
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