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chirag_Khasiya

Nifty Elliott wave update: 23%-38% will be trend deciding range

Nifty 50 Index (NSE:NIFTY)  
chirag_Khasiya  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Technical Indicators Wave Analysis niftyelliottwave elliottwaveideas niftyanalysis niftytrend niftyprediction niftyview niftytradesetup niftyforecast
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trendanalysis indicator waveanalysis niftyelliottwave elliottwaveideas niftyanalysis niftytrend niftyprediction niftyview niftytradesetup niftyforecast
In Nifty 1hour chart bounce from 15183 is looks like Double zigzag(WXY) correction. Wave c of second abc started from 15858 is already achieved its minimum projection range(16622-16803). Which could be the resistance range for nifty And retracement range of wave c started from 15858 to 16752 is coming at 16541-16410 which will act as support range. If nifty make new high above 16752 then this retracement range will change accordingly. 38% level is the break even point for downside. Consolidation in this support range(16541-16410) will be positive sign for nifty but if Nifty breaks 38% level sharply and if close 1hour candle below 38% level then trend will change and decline towards 15858 and 15511 is possible.

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Nifty Elliott wave update 3Aug
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