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forextidings

NIFTY Elliott Wave Analysis - ABC Correction Targets

Short
Nifty 50 Index (NSE:NIFTY)  
forextidings  
NSE:NIFTY   Nifty 50 Index
Support and Resistance Technical Indicators Elliott Wave nifty50 NIFTY niftyanalysis niftytrend freesignals freeequitytips niftysignals
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supportandresistance indicator elliottwaves nifty50 nifty niftyanalysis niftytrend freesignals freeequitytips niftysignals
Nifty has touched the dynamic resistance (DR) level and started declining. At present, RSI is under 50 level. It's a sign of a downtrend.

Moreover, according to Elliott Wave theory, Nifty will stop climbing soon. And ABC correction will initiate from here.

Targets: 12460 - 12000 and below

Note: Selling pressure will come after a breakout of the support trendline. Don't sell above DR.
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