Elliottwaveprojection
Nifty Elliott wave analysis for 16th Nov 2018Nifty have not achieved minimum target of 10666 which can be achieved in coming sessions. Even if nifty failed to achieve 10666 and came down then 10526-10444 is support range and from this range again Nifty can bounce to 10666 and above. Down side reversal is only possible below 10444.
short trackingwe have a pattern of 5 bullish waves finished that in turn make the wave 1 of greater degree, we come sold from the wave''a ''
(you can see previous ideas)
apart from that we have a pattern three daves in movement and a butterfly that already touched its first tp ..
when the three daves are completed we will have completed the abc retracement and we can take purchases in wave 2