NIFTY... CORRECTION AHEAD
Nifty has been in the parallel channel for quite some time and has completed the 5th Elliot wave.
We are likely to see a zig-zag correction where wave A is completed.
Wave B is most probably the last bull run we'll see ahead of Diwali.
The support line of the parallel channel is likely to be broken and I'm expecting a sharp correction in nifty (wave C) to 17000 levels.
Trade carefully. Please share your opinion on this analysis.
We are likely to see a zig-zag correction where wave A is completed.
Wave B is most probably the last bull run we'll see ahead of Diwali.
The support line of the parallel channel is likely to be broken and I'm expecting a sharp correction in nifty (wave C) to 17000 levels.
Trade carefully. Please share your opinion on this analysis.
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Nifty finally reached the support zone!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.