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Nifty making triple three corrective pattern going down towards 0.382 Fibonacci level plotted between 11535 to 14753. Stop loss for this analysis will be 13967 today 29th Jan high If the analysis and wave count is correct then this last leg of fall will be slow paced making it clear that call is about to end. Z wave expected to respect parallel channel drawn in and will not break out of it.
from the chart you drawn it looks nifty will bottom out on 9 feb near 13420 & start going up from there. will it cross new high in feb 21? please reply.
Niftydirection
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@ckirtane time analysis i haven't attempted so don't when it will cross previous high. All i know is next upmove if is to come it will be slower.
sweeti26
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Wonderfull analysis before such a big event....
Niftydirection
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@efficientRhino36373 thank you sir
sumit-dige1
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Great man, This is really nice
Niftydirection
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@sumitdige, thank you
srinivaskalluri
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13144 should be the next stop where nifty touched trend line