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dev161971
Aug 24, 2020 10:34 AM

Nifty possible wave structure 

NSE:NIFTY60
Nifty 50 IndexNSE

Description

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Possible wave projection of NIFTY tomorrow on tuesday

Comment

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Wave 4 is unfolding in abc pattern. wabe b of wave 4 may go up to 11494 then will come down with target 11415

Comment

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Wave c unfolding in expanding triangle

Comment

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Nifty going for 11541 and completing its jorney of fifth wave of the larger fifth wave.

Comment

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If my analysis is right there will be a sharp correction of nearly 4 % from there

Comment

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Smaller fifth wave near end. Market can correct anytime.
Trend AnalysisChart PatternsWave Analysis
Comments
starttrade2020
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you still believe it might give 4% correction this week.Tomorrow looks a bit difficult as its expiry.
dev161971
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@starttrade2020, Well the smaller terminal pattern of larger fifth wave took nearly 10 days to form. Hence correction of smaller terminal pattern should ideally take less than half the time it took to form. So the correction of the smaller terminal pattern may take around 5 days to complete.
starttrade2020
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@dev161971, Thanks man.Looks like there is no logic working in this market.insane behavior.
starttrade2020
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Finally your prediction coming true.keep it up man
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