Nifty Triple Zig Zag Correction PossibilityDISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis.
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If nifty starts fall and doesn't violate 11618 then probability of triple zig zag pattern high.
11440 is 0.786 Fibonacci level of recent high 11618.
Triple zig zag least corrects 0.5 Fibonacci level of previous wave(ii to iii) which is at 10670
z wave correction will be abc correction, abc drawn in chart are just for reference and not calculated.
11099-11035 Gap 1 filling this will confirm downside
11347-11226 Gap 2 filling this will confirm fall towards 10670 or even beyond.
Triplezigzag
Reliance Zig Zag CorrectionDISCLAIMER:There is no guarantee of profits or no exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial advisors before investing/trading.
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2277 Invalidation level
2130 target deduced cause Z is usually equal to Y
supports 2200,2165
Nifty Elliott wave analysis for 1st July 2019It seems Nifty currently in triple zigzag correction and will complete its last abc below 11625(most probably in an ellipse drown in chart). So Nifty needs to go below 11617 before breaking upper wedge line. But if it breaks upper wedge line before going below 11617 then we could conclude that correction is completed at 11625 as double zigzag.