It's about continuation pattern.
All details are mentioned on chart.
But, in case of any doubt (or mistake made by me on the chart), please comment and let me know.
Thank You.
#growtogether
In 15 min time frame nifty may be completed 5 wave structure for the correction of C wave (violet color).
As per my analysis NSE:NIFTY may form zig-zag structure.
So, it is time to be alert before any buy or CE trade. Structure looks like still bearish.
Important levels are marked on chart with comments as per my analysis. Please check carefully.
May be right...
Nifty 50 achieved the final target (nearly) as per the target of Expended ending diagonal in the form of ABC wave.
The ABC move was very sharp. 0-2 and 2-4 trend lines breakout clearly visible, but the major 4th wave high is still not broken.
Here i have drawn new 0-B trend line (BLUE COLOR) may decide the further movement in long term.
Lets see the scenarios...
