ELLIOT WAVE ANALYSIS ON NIFTY
Updated
REFER TO CHART A CORRECTION MIGHT HAPPEN FROM HERE, AND IT WILL DETERMINE IF BULLISH TREND WILL CONTINUE OR NOT. CORRECTION WAVE MIGHT NOT TRACE THE SAME PATH AS PROJECTED IN CHART.
POINT 5 IS SUSPECTED TO SHIFT AND MAY REACH A PLACE BELOW 200 DEMA OR HIGHER, ONCE POINT 5 IS FIXED IT WILL BE EASIER TO PREDICT CORRECTION WAVE.
POINT 5 IS SUSPECTED TO SHIFT AND MAY REACH A PLACE BELOW 200 DEMA OR HIGHER, ONCE POINT 5 IS FIXED IT WILL BE EASIER TO PREDICT CORRECTION WAVE.
Note
THE CANDLE OF 11TH JUNE SERVED BOTH AS TOUCH POINT FOR (A) AND ITS HIGH ALMOST TOUCHING (B) WHILE TODAY THAT IS 12TH MARCH CANDLE SATISFY FALL AT POINT (C). IT WILL BE CRUCIAL ON MONDAY THAT, IS THIS A SIGN OF CONTINUATION OF BULLISH TREND OR WILL IT FALL BELOW (C) AND START BEARISH TRENDSTAY TUNED!!
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