Nifty Elliott wave analysis for 20th Dec 2018
Wave (v) in blue color is in extended zone and wave (v) in red color will be in extended zone after 11016. Maximum projection of both these waves are coming at 11071.
So we can conclude that from 11016-11071 range small or big decline is possible. This decline can be 45-75 points or it may be 120-200 points.
The only confusion for that decline is because of the pattern shown in ellipse which i am not able to identify.
So we can conclude that from 11016-11071 range small or big decline is possible. This decline can be 45-75 points or it may be 120-200 points.
The only confusion for that decline is because of the pattern shown in ellipse which i am not able to identify.
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