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chirag_Khasiya
Dec 22, 2018 9:13 AM

Nifty Elliott wave analysis for 24th Dec 2018 

Nifty 50 IndexNSE

Description

It seems 5 wave moves is completed from 10334 to 10984 which can be wave C or wave 1 of bigger 3. As of now 10825 is important level for upside reversal. If we found corrective pattern from 10739 to 1092-10825 then one more low below 10739 is possible but if stays above 10825 with impulsive pattern then it will be a good sign.
Comments
nknk195
Hi Chirag,
Can you have some view on this based on monthly chart? It seems correction is not completed.
rajeevchandel
have you learnt this from mr Deepak because you also don't seem to recognise triangles which occur too often
chirag_Khasiya
@rajeevchandel, Yes, I am not as good as you.
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