Elliottwaveprojection
Nifty : Basic Elliot Analysis (Minuette Degree)the provided is Nifty's Elliot Analysis of Minuette Degree
being sensitive to perspective the given structure may differ for other Elliotician's & we respect that, so feel free to share Ur's!!
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Elliot Wave Correction In Nifty Wid Head & Shoulders ConfirmatinNifty is in Elliot's wave since 2016, This is the last wave of correction. (Weekly Charts)
The best part is, a Head n Shoulder at the End, Which mostly occurs in Elliot Wave (if no harmonic chart patterns are found).
On a larger scale also, NIfty is in Elliot's wave on Monthly charts. (Haven't covered here)
Nifty after touching 11,200-300 can shoot around 9000-9400.
Hence the stocks in Indian Stock Markets will follow.
nifty elliot wave short term forecast currently NIFTY is in short term uptrend, with begining of a C wave( impulse) of corrective (zigzag). wave 1 and 2 are completed and wave 3 has begun as on 8th jan 2019. The most possible target for wave 3 would be 100 percent fibonccaii extension of wave 1 at (10937.98), in case of third wave extension (look at internal waves for extension signal) we can expect wave 3 to complete at 138.2 percent or 161.8 percent of wave 1 ( 11015.88, 11064.01 respectively) wave 3 completion can be expected between 9th jan 2019 to 10 jan 2019.