Nifty Elliott wave analysis on mothly chart as on 19th Jan 2020.

NSE:NIFTY   Nifty 50 Index
In daily chart wave (v) started from 6825 is may be completed at 12103 and wave (4) is completed at 10637(But not even retraced 23%) OR still in progress.
In monthly chart wave (v) of (3) is already achieved more than 100% projection and we need to see wave (v) in daily chart for further clarity. declined from 12103 not even achieved 23% retracement.
Jan 19


Regarding Major Elliot wave started at 6357- W1 to Nifty 2252 - W2
Kindly relook into your Wave pattern , It looks like ED Ending Diagonal and What is your projection of Major Wave {5} Ending at 13500 1400 . Please give your valuable input
r.sasiganapathy chirag_Khasiya
@chirag_Khasiya, Thank you Sir
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