Nifty down for wave Y

Updated
Nifty moving in corrective wave w-x-y.
of which wave y is in progress..
important fibonacci level to watch for wave Y on downside
1 : 25225
1.618% : 25165

Disclaimer : study is only for learning
Note
2.618 % : 25066 level...
Note
Nifty now near to important support and psychological level...
sustaining above this will give bounce for gap filling
Note
bounced as expected ... made high 25185.. till now
Note
made high 25216 today
Trade closed: target reached
made high in gap 25216
Chart PatternschartpattrenelliotwaveanalysisniftylevelsniftytrendTrend AnalysisWave Analysis

Also on:

Disclaimer