GIFT NIFTY ELLIOTT WAVE COUNT

Mar 15

starting from the low of 4TH MARCH 2025 in 1 hour TF, GIFT NIFTY shows clear 5 WAVE IMPULSE and time wise double correction in form of WXY.after completion of correction new impulse is also clearly visible which is 1ST WAVE OF 3RD WAVE. 3RD WAVE can go up to 23500-23800 as per fib extension but for that 22800 is major resistance,and after that 230000 is psychological level of resistance. GAPhttps://in.tradingview.com/chart/TWZL6Den/ UP OPENING AND SUSTAIN ABOVE THAT LEVEL WILL OPEN MORE UPSIDE LEVELS. CHART PATTERN SHOWS INVERSE HEAD & SHOULDER OR FLAG&POLE PATTERN.

Mar 15

Note

it's 23000 not 230000. typing mistake

Mar 31

Trade active

as expected the 3rd wave completed at 23895. our expectation was 23500-23800. now correction in form of 4th wave is going on.expected support level is 23100-23300. 4th wave may take some time and after that it will start 5th wave and can go upto 24200-24500. remember this are levels of GIFT NIFTY. and this 5th wave is last leg of bigger 3RD WAVE.

Apr 5

Trade closed: target reached

above wave count has been INVALIDATED as 4th wave came below 2nd wave. so the bullish wave count has been converted into corrective rise of A,B,C and now coming downwards.