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.
Trade active:
Nifty finally reached the support zone!