munna907

Nifty : Elliot Wave Analysis

NSE:NIFTY   Nifty 50 Index
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3
See chart and also refer link in this post for detailed wave count of nifty .)Only educational purpose)
Trade active: (c) wave in making
Comment: There is also the possibility of (b) wave formed a triangle if 11570 level is not crossed.
Comment: 11570 level is touched, now wait for retracement of this recent upmove to 50% or 61.8% for further jumping into trade.
Comment: As stated by me Exact 50% retracement is already achieved.
Comment: Now further retracement expected.
Comment: If tomorrow todays low is not breached in opening hrs then a further upmove will start and more detailed wave count will be posted tomorrow otherwise upmove will come after further retracement upto 61.8%.
Comment: Target of retracement achieved just now.
Comment: Till now my wave count going perfectly well and achieved targets as expected but now the wave count need to be adjusted and same will be updated soon.