padiyaraa
Short

Nifty correction may twist around 11150 to10650 for some time

NSE:NIFTY   Nifty 50 Index
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6
420 4
Nifty is forming an irregular correction at top, currently in wave C of an abc started from 11760, in which wave(a) is completed at 10004 , and (b) is completed at 12103 and (c) is in progress. Wave (b) is less than 138.2% of a can make wave(c) equal to wave(a).
Internal correction may twist around 11150 to10650 for some time in abc or abcde, eventually the 5th of the c will correct to 10350 level.
Comment: Nifty support 10670 is probably the end of wave 4, this support was noticed in the market hours and in a hurry it was mention in comments session below.
A support is emerging near 10668 in nifty.
previous bottom was at 10637.
Reply
Absolutely..!!Interesting....But 1 and 2 of 17 june to 5 july..Looks like a A and B..as It looks like 3 by 3 ...1 does not look like a impulse down...more like a 3...Though by Neo waves ..it can be a a impulse with 5th truncated,..I still am not convinced...But anyways do check out my charts ,though our direction up is same target differ..anyways...your counts are good...All the best
+2 Reply
@padiyaraa bro, working from 2-3 hrs on it, Finally figured out, tough journey ahead, not good time for traders and investors, without the proper knowledge.!!
+1 Reply
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