Short

Wave B up on NIFTY is near completion. Wave C down may unfold ..

seem to be completing wave B up of larger ABC down which means the final leg (C down of ABC) should unfold soon. Wave B has done slightly more than 38.2% of 5 wave fall in A and has also reached wave 4 levels. Further, C within B's ABC has achieved 61.8% equality of wave A which is the minimum requirement. I can also count 5 waves up within C of this B's ABC. All of this makes me wonder if B is complete and it's time to switch direction ...

YetAnotherTA

Be a Better Trader!

Disclaimer: Do your own due diligence for buy/sell decisions.

Also on:

Related publications

NIFTY Crash Coming or Minor Pullback?

by YetAnotherTA

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.