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aashraypatel
Jan 8, 2019 10:57 AM

nifty elliot wave short term forecast  Long

Nifty 50 IndexNSE

Description

currently NIFTY is in short term uptrend, with begining of a C wave( impulse) of corrective (zigzag). wave 1 and 2 are completed and wave 3 has begun as on 8th jan 2019. The most possible target for wave 3 would be 100 percent fibonccaii extension of wave 1 at (10937.98), in case of third wave extension (look at internal waves for extension signal) we can expect wave 3 to complete at 138.2 percent or 161.8 percent of wave 1 ( 11015.88, 11064.01 respectively) wave 3 completion can be expected between 9th jan 2019 to 10 jan 2019.
Comments
aashraypatel
no sign of extension of third wave so far so we can expect 100 percent extension of 1, 10938.
aashraypatel
nifty target for tomorrow( 10th jan, 2019) touch 10938
aashraypatel
nifty moving as expected
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