Nifty Elliott wave analysis on Monthly chart as on 22may 2020

NSE:NIFTY   Nifty 50 Index
In monthly chart decline from 12428 can be wave C of irregular correction(Nifty can bounce again for new high in that case) OR it can be impulse wave A(Nifty can decline again for a new low in that case). 6338 is an invalidation point for this wave count.


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