AJAYSHARMA
Long

ABC zig zag is complete

NSE:NIFTY   Nifty 50 Index
200 views
8
200 4
Rest described in the chart . Wait for price action to confirm before u enter .
great analysis Ajay . , great chart work ,

Thanks
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what if it breaks the channel ?? what would be the target on upside?? your views pls
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AJAYSHARMA onlyganif3
@onlyganif3, That would be the confirming price action that I am talking about . The channel has to be broken on the upside by a motive move only . Then a three wave structure should come for wave 2 . And all this should happen at the top the channel line . Then u can assume that the pre budget rally to 11400 has started i.e a final wave v of a lesser degree But if the move stays in the channel the correction is continuing. Regards
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excellent analysis
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