ShubhankarK

ShubhankarK

Nifty completed A Wave and has already given a retracement of 50%. It is near the next selling zone around 24800-25100. The bounce seems to be wave B, MACD line touched 0 line. With heavyweights like RIL, ITC looking weak on weekly timeframe. View invalidated above 25150. Target for wave C looks around 22000 with trend-based fib extension tool and considering...

ShubhankarK

Hammer formation at weekly 50EMA, 50% Fib retracement. Price likely will enter 3rd wave on monthly. Targets as per Elliott Analysis. SL below hammer low