Sujal_Shah26

Sujal_Shah26

Its just for education purpose not for trade or investment; plz take this as a study only.

Sujal_Shah26

This breakdown shows weakness in the market, again this is only a study. Not recommending any trade and investments.

Sujal_Shah26

The stock completed corrective move of a correction wave X, now I think its going to resume its fall towards 2500 as wave Y. Let's see how it unfolds. This is only for study purpose, not suggesting to trade or invest.

Sujal_Shah26

Nifty50 daily chart Elliott wave :- Count has been amended as prices went below 21875, which violates rule of Elliott wave, so here is alternate count.

Sujal_Shah26

with context to previous count, I think Nifty completed minor wave ii, now anticipate a move towards 22250. Once this resistance is breached we can see a swift rally towards 22650 in short term as minor wave iii.

Sujal_Shah26

The intraday chart suggests that correction is pending, wave ii is likely to terminate around 22000 or 21900 levels. Hence, I think this a complex correction. So, let's see how it unfolds in the coming days ahead.

Sujal_Shah26

Nifty50 elliott wave count indicates it is in minor wave 3, this means a rally towards 22650 in short term.

Sujal_Shah26

Not recommending for trading or investment purpose, it is only for study and knowledge sharing.

Sujal_Shah26

For study purpose only; it is NOT trading or investment views.

Sujal_Shah26

Its for study purpose only, not a trading view. Just, showing a wave count on the charts.

Sujal_Shah26

In medium term, it looks positive as I see prices are in a wave B of primary wave 2. Therefore, I expect it to rally at least 18% from here before reversing. Alternatively, a correction below 61.8% would change the view. Again its a view not any buy or sell advice!! its just for study purpose only!