Nifty elliott wave analysis of Monthly chart as on 17oct 2020

NSE:NIFTY   Nifty 50 Index
In monthly chart wave completed at 6357, wave completed at 2252,
and in wave may be 5th wave is running from 7511.
38% projection of that wave (5) is already achieved but it is below earlier high and 61% is coming at 13598. so wave (5) completion range can be 12428-13598.


so finally some one has posted the view i had , I was practically asked in MY DM are you serious about Nifty Going to 15500 ? and my answer was always Yes , You have Good practice Chirag I liked it , Good luck happy trading
+2 Reply
Very well charted... This wave bigger 5 is going to go very long towards 16000 levels or more.. If we can equalise wave1=5 or 123/168% of wave 4, we can predict the levels.. Whats your view
"so wave (5) completion range can be 12428-13598" - That's a very high range. How do we trade this?
chirag_Khasiya SaurabhMehra
@SaurabhMehra, See this 30min chart analysis and you will get some short term trade idea

Chart as image
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