NeeteshJain
Long

NIFTY READY FOR NEW WAVE, COMPLETES CORRECTION PHASE

NSE:NIFTY   Nifty 50 Index
As per Elliott Waves Principles guidelines, Nifty 1.59% has completed its complex correction where two corrective patterns where formed. First was Flat correction pattern where 3 Waves ( ABC ) subdivdes into 5-3-5 correction (marked as W) and another is simple zig-zag correction where 3 Waves ( ABC ) subdivides 5-3-5 (marked as Y). Both were connected by inverted Zig-zag three waves pattern (marked as X)

This above complex correction completes the corrective phase of the previous wave and now we could see another 5 uptrending Waves.

Go Bulls, Go Bullish

Comments

Are you still Bullish on NIFTY? any SL?
Reply
NeeteshJain leewongavatar
Yes until it breaks and close below 8520
Reply
leewongavatar NeeteshJain
Thank You Neetesh!
+1 Reply
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