padiyara

Nifty seems to be completed an ABC irregular falt.

Long
NSE:NIFTY   Nifty 50 Index
0
Wave ii started from 8250.8 was initially expected as an expanded Flat as the b traded above the
start of wave a & was expecting a target 8066 & 7982. But now its wave C is almost concluding at 8154.45,
and the retracement is more the 62% of c , also the price moved above the 4th wave of c, it is assumed
hat the correction is over and we are now in an uptrend either wave iii or C if the wave start from 7916 is ABC.
If the above is correct we can see 8489 & even 8696
(Please read it from a learner perspective)
Comment: Not crossing beyond 62% ie: 8230, it seems like
wave (c) is still progressing,in that case the earlier
count will resume,for a target minimum 8080 length of
wave (a)
the bottom trend line is a crucial support around 8150.

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