Nifty Completing wave "Y" ?
Nifty's previous week's low was a significant low in proportion to the Elliott wave guidelines, which probably marks an end to the wave "Y" with an open-ended question on the back of the mind as the next wave will be another "X" or we have ended a larger Elliott wave pattern. Momentum indicator like relative strength indicator is signaling divergence and recouping of the earlier support zone in the coming week is set to end the last leg of weakness and pave the way higher towards the marks shown in the chart.
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