Nifty probably is in wave 5 of(5) of [3] of III (A quick update)

NSE:NIFTY   Nifty 50 Index
We are probably in wave 5 black, of Wave(5)pink,
of Wave violet, of Wave III blue.... ie: 5 of (5) of of III .

Probably in the sense that, an irregular if completed must show a swift recovery, which did not happened here yet and we are stuck at 10985 ie: between 50 &62% of c of irregular abc . This should have breakout immediately on either side. If down we can see 10000 again, telling us the correction is still on going. But chances are less for wave 3 to correct more in this fashion. So expect a break on up side to find new target for wave 5 and that make wave (5). See the channel for a possible target around 12950. Remember we are then completing wave too.


👍 long time.
wave 4 of 5 of 3rd (III) does not seems like a corrective wave, i suppose we are B of new correction (A-B-C) which is already started at 11700.
waiting for your post from long , gr8 post sir , Looking forwards for more charts
Welcome back :)
padiyara vanathi
@vanathi, Thank you
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