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Nifty 50 Index
Short

Nifty50 - Elliott Waves in Weekly chart

910
Impulse Wave 12345 formation shown. Wave 5 yet to be completed. Subwave of wave 5 also drawn. Wave 4 & 5 still pending in the subwave. Wave 4 is expected to retrace to 0.618. Wave 5 is expected to reach 18600 levels. This is calculated basis the idea that the size of wave 5 will be equivalent to wave 1. Hence, a truncation will occur, followed by sharp reversal - ABC.
divijshah19
Elliott Wave

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Elliott Wave
divijshah19

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.