Bears could be trapped in Nifty

NSE:NIFTY   Nifty 50 Index
234 1
Nifty seems to be ending w-x-y a complex correction . In wave y , Wave C seems to be forming and expanding diagonal . Wave 5 of an expanding diagonal always exceeds the end of wave 3 and Since this is also an Ending diagonal all internal waves should be 3's and wave 4 overlaps wave 1,

So 9370 will be broken . But if the labeling is correct then there should be an extremely sharp move upwards for either a new impulse or a final X wave . So shorters need to lighten up and go neutral .
nice analysis
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out