rajeshnihalani
Short

Elliot wave count

NSE:NIFTY   Nifty 50 Index
737 views
5
Wave 5 will finish at approximately 12000 then wave 4 at 7000.

please note that this is my idea and i may be completely wrong.
Comment: Larger wave 4 started, will end at 7000 to 8000
Comment: reaching there

Comments

you are right......there is a clear bearish divergence on RSI......so wave 4 is in offing.....i dont care about price levels.....but then wave 5 should begin
Reply
Pls use a log scale for long time charts .Then redraw. That 12000 thing seems to correct but that 7000 thing seems out of whack. Continue labeling , Regards
Reply
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