Nifty Neo wave analysis
#nifty50
Nifty moving in its double zigzag corrective structure til now. Price taken resistance near 9040. This is very important resistance now and will use to sell every rise near channel as shown in chart below. Nifty moving down after completed wave near 9584 and nest down move is [C] wave.
Nifty moving in its double zigzag corrective structure til now. Price taken resistance near 9040. This is very important resistance now and will use to sell every rise near channel as shown in chart below. Nifty moving down after completed wave near 9584 and nest down move is [C] wave.
Note
It seems that b is still continuing and c wave has not been started yet. As long as price is above 8807 which is wave a low, wave c will not confirm. I expect price will consolidate more here then c wave will start.
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