Elliottwaveprojection
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.
Apollo Hospitals - Don't be scared of spooky rooms 1345-1355Psychological Level - 1200
Short Term Strategy
Stock should not move below or stay below 1200 mark. Getting an opportunity in 1200-1225 zone we shall look for 1325-1350 Target Zone
Long Term Strategy
Above 1345 - 1355 Zone - Target 1550+
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