padiyaraa
Short

Nifty8349 a 38% fall 8244 is the minimum expected target?

NSE:NIFTY   Nifty 50 Index
164 1 6
Dear Friends,
please read it for your benefit. it will be really useful to you all. i know you all doesn't have time, neither me.

My job schedule doesn’t allow me to make a post in the mean while, but as you all my readers by now, know that, my Idea is to bring awareness of the trend, or a possible top, or bottom etc. and not willing to make any buy or sell calls.
Now coming to the point.
I was expecting a deep fall, thinking that the swing 5 wave is completed with an extension in wave 5 of C. but it may not be the case.
By looking at the wave structure and it personality shows, it like a wave 3 completed at 8461 top. And it may be the reason it didn’t fall swiftly, means the inner wave extension is exempted from the rule of swift fall.
So what now, a 38% fall around 8244 is the minimum expected target? And if the fall arrested (because if it is wave 3, will not correct more) there, we can see further up side like 8600.
Comment: If not supported around 8244 area, we may see deep fall.
But best possibility I gave first on top line. there are many inner waves in the impulse started from the bottom 7893, so it is not easy to confirm waves.
please understand me, it is like that, I am not making you fun.
seriously.
I am afraid a long write up will confuse people, I really want help people with my capacity and limitations, doesn't like chaos.
Fall is not fast or steep, it took support...
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