Timeframe: Daily
Nifty has accomplished its double three correction (w) - (x) - (y). Price had risen rapidly after the completion of wave c of wave (y).
According to the wave principle, Nifty can only confirm its trend after breaking wave (x) of a complex correction. So, the price must have sustained above 18111 . It is also a higher low, and the price may...
Currently, the stock is in Upmove in the Long term and short term.
In Long Term, wave 5 is going on.
In the short term, internal 3 of 5 is going on.
Targets are marked with Fib projection.
The analysis is only for educational purposes. Please trade at your own risk