Nifty Day end analysis 2023.05 25

MalayKJ Updated   
NSE:NIFTY   Nifty 50 Index

Moving inside a triangle abcde pattern right now.

Currently wave d is underway.

Triangles occure in wave 4 so after end of abcde pattern (and wave 4), wave 5 should take the index further up.
Wave d of possible abcde pattern completed.
Trade closed: stop reached:
As the price moved above top of wave b, this view stands invalid.


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