Nifty wave analysis

Mar 31, 2023

NIFTY SPOT HAS MADE A LOW NEAR 16828 ON 20TH MARCH 2023.. will give wave count from this low as follow

WAVE 1 : 16828 TO 17207 (379 POINTS)
WAVE 2: 17207 TO 16914 (293 POINTS i.e. nearly 77% corrected)

NOW WAVE 3 IS ON : 16914 TO 17290 (HIGH TILL NOW) (376 points till now)
1.61 fib level comes near 17527

now wave 3 is on so it will sub divided into mini 5 waves as follows
wave 3 started from 16914
wave 3(1) : 16914 to 17049 (135 points)
wave 3(2) : 17049 to 16940 (109 points i.e. 80-81% corrected)
wave 3(3) : 16940 to 17290 (high till now) (350 points) here 3rd wave has achieved its minimum target of 1.61%.. and got extended to 2.61% near 17290

market buy on dip mode as per wave count...
immediate resistance on upside: 17300 & `17500
whereas support on downside : 17050 -17150

views are for educational purpose.

Mar 31, 2023

Note

NOW WAVE 3 IS ON : 16914 TO 17382 (HIGH TILL NOW) (468 points till now)

Apr 5, 2023

Note

Wave 3 target of 17527... achived today... made high near 17545...