Is Nifty on Leading diagonal

sudhannayak Updated   
NSE:NIFTY   Nifty 50 Index
Om Namah Shivay

Brothers, Nifty could be making a leading diagonal. Check the chart.
Little early to confirm the same.

And that will confirm the pattern and target. The target is based on the (2)/B obviously.

The future possible moves are on chart.

This is just education purpose only. There are no trading suggestion from this.

Om Namah Shivay
Brothers, There are some corrections here.

Sorry that i taken time to corect this.

As per the Expert Elliott Wave Sir, The leading diagonal in a declining transposes to something else. it mostly does not stay as a Leading diagonal. Transposing to something else is definite.

With That in mind, the chart pattern looks too early to confirm stage. and we have a learning

A leading diagonal in a downtrend transposes to somethig else. Mostly it does not stay as leading diagonal. An Ending diagonal is a possibility in W5 in a declining.
Trade closed: target reached:
The pattern reached it's target.

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