Nifty as Waves - 14 Nov 2022
Hi
Currently we are in a very tedious, upmove...from the lows of 17098 made on 17october to 17590 made on 19th october, could be the 1st wave. and then a small fall to .38% - 17468 - could be the 2nd wave.
But the 3rd wave was very very interesting due to being complex, due to holidays in between, we had lot of small downs and huge ups (gap ups contributing the most). (we can infer the 5 waves inside the 3rd wave from the chart as marked)
High probablity is the 3rd wave which started from 20 October around 17468, has completed today or might complete by tomorow around 17365/17395 or mostly by 17430 levels.
From there the 4th wave might start, and might take it till this monthly expiry and complete around 17850/17800/17750 levels (watchout levels).
As of now the RR is towards the short side, for the given targets.
Currently we are in a very tedious, upmove...from the lows of 17098 made on 17october to 17590 made on 19th october, could be the 1st wave. and then a small fall to .38% - 17468 - could be the 2nd wave.
But the 3rd wave was very very interesting due to being complex, due to holidays in between, we had lot of small downs and huge ups (gap ups contributing the most). (we can infer the 5 waves inside the 3rd wave from the chart as marked)
High probablity is the 3rd wave which started from 20 October around 17468, has completed today or might complete by tomorow around 17365/17395 or mostly by 17430 levels.
From there the 4th wave might start, and might take it till this monthly expiry and complete around 17850/17800/17750 levels (watchout levels).
As of now the RR is towards the short side, for the given targets.
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