SGX Nifty completing the 5th wave of the impulse starting from the bottom of the 2020 COVID drop for the target of 21000.
Time target of completion - Maybe General Election 2024 (May-June)
A short-term analysis of SGX Nifty making its ground ready for the upside move to support the long-term trend.
Current support levels are marked at 19096.
Let's wait to see what happens!
Cheers :)
We observe a Flat correction in Nifty 30 mins chart showing equality in Wave A and C. Can we expect a gap up on March 10th, 2023?
If not, we may expect a possibility of an impulsive bounce till 17800 in the coming week. The confirmation can come once the Nifty 5 candle closes above 17635 which the fourth wave of 1 less degree.
