chirag_Khasiya

Nifty Elliott wave analysis for 18th Feb 2019

Long
NSE:NIFTY   Nifty 50 Index
It seems wave started from 11118 is completed as impulse wave and it also achieved minimum projection(shown in my previous post) of wave C. And if we are right at identifying pattern then nifty needs to bounce sharply towards 10892. So need to concentrate on the wave pattern started from latest low 10620 to catch immediate move.

Even if wave C is not completed at 10620 and nifty breaks below 10620, I would not suggest to short nifty because reversal could be very sharp . so plan your trade accordingly.

Have a safe and profitable trading..

Comments

i agree with your logical explanation
Reply