AJAYSHARMA

In wave c of ((ii)) of minor 5

NSE:NIFTY   Nifty 50 Index
The base channel was threatened t day . A gap down or a swift break of the channel will confirm the wave b top is in place and we may not see a wxyxz structure . Only a wxy structure . wxyxz structures are rare. So we have a wave (c) on our hands to complete wave ((ii)) . Should end near 10350 levels (1:1) or 10400 levels (1:0.618) . Then we should launch wave ((iii) of 5 . Till then stay short . I think . Even if a wave z comes up it would still be a wave (b) . At this moment it looks like a flat .Regards
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.