Nifty 50 IndexUpdated Nifty Elliott Wave analysis 20-01-2021
Om Namah Shivay
Today 20-01-2021, Nifty made wave structure which is depicted in the chart.
Probably, The 4th wave of impulse has reached the destination where it is supposed to. The impulse can extend further also and there are levels which to be watched for invalidation.
The possible further move is drawn.
4 day down movement, 2 day up movement including today.
Originally the EW is drawn on 3 min chart.
This is for learning purpose. There is no trading suggestions given in this.
Om Namah Shivay
Today 20-01-2021, Nifty made wave structure which is depicted in the chart.
Probably, The 4th wave of impulse has reached the destination where it is supposed to. The impulse can extend further also and there are levels which to be watched for invalidation.
The possible further move is drawn.
4 day down movement, 2 day up movement including today.
Originally the EW is drawn on 3 min chart.
This is for learning purpose. There is no trading suggestions given in this.
Om Namah Shivay
Trade closed: target reached
target is achieved
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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.