Nifty in Final Z wave of complex tripple three correction.
While coming down it is always making abc corrections then they are getting converted into double or tripple three correction internally in this triangle like structure.
The last wave Z itself is complex, currently can be said to be in double three correction with a and b done.
c of y can turn to ending...
- Triple-three complex corrective nearing completion (w-x-y-x-z)
- Expect the stock to bottom out between 275-280
- Can look for fresh buying opportunity from an investment horizon
- Hypothesis will be negated on breach below 260