Elliott-waves
NIFTY going up or down from here?NIFTY is standing at crucial point. Here are two possibilities that will decide further move of NIFTY.
1. If price breaks down to 24548.65 level, it will be confirmed that wave C of Zig-zag has started and this move will go minimum up to 24255.75.
2. If price takes support near 24635 (or just say, reverses from anywhere without touching 24548.65) it will be considered that wave B of Zig-zag is still under formation. In this case NIFTY may show some up move upto 25299, and 25485.85.
PVRINOX SHORTERM BULLISH PVRINOX short term bullish
Forming higher high formation
in smaller time frame formed wave1, 2, 3,4
Now it's time for 5th wave to form.
With rising in volumes confirmation for 5th wave will come.
Shortest Bullish.
It's not an investment advice, it's purely an analysis, trade with due diligence.