Get started
Stock-Holmes

NIFTY... ELLIOT WAVES

Short
Nifty 50 Index (NSE:NIFTY)  
Stock-Holmes  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns Elliott Wave niftytrend niftyprediction shortsetup downtrend tradingideas
28
7
trendanalysis chartpattern elliottwaves niftytrend niftyprediction shortsetup downtrend tradingideas
Nifty is currently in the downward wave three correction.
We have witnessed two red rays, which are part of wave 5 of the downward wave 3.
So, we can witness one more red candle day that can complete wave 5 (of the larger wave 3) on the downside, and then the market should rally up in wave 4.
Beware of the major wave 5 correction which is likely to begin in the second week of September.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.