Nifty Short Term Wave count - 21st Feb 2021
Hi All,
As per my earlier Idea, i had given a count of mid term Nifty count of waves.
3rd Wave going on. Inside 3rd Wave i have put counts from 1st wave to almost 5th wave.
so 1st Wave starts from low of 10850 and end around the highs of 12018. - almost 1150 points
then 2nd wave gets completed around 2nd November at 11557, - almost 450 points
then again the 3rd wave gets going from those lows of 11557 to the highs of 14753, the 3rd wave the Impulse. - almost 3200 points
Then from there we got a correction to the lows of February 1 lows (Budget day) 13661. - almost 1100 points.
And now the 5th is going on, the Fibo from the lows of 13661 to previous high of 14754 - its 161% gives a target of 14400 approx.
So i would be very careful around these levels, if we come near it. we already have come near it, but we might again attempt it.
As per my earlier Idea, i had given a count of mid term Nifty count of waves.
3rd Wave going on. Inside 3rd Wave i have put counts from 1st wave to almost 5th wave.
so 1st Wave starts from low of 10850 and end around the highs of 12018. - almost 1150 points
then 2nd wave gets completed around 2nd November at 11557, - almost 450 points
then again the 3rd wave gets going from those lows of 11557 to the highs of 14753, the 3rd wave the Impulse. - almost 3200 points
Then from there we got a correction to the lows of February 1 lows (Budget day) 13661. - almost 1100 points.
And now the 5th is going on, the Fibo from the lows of 13661 to previous high of 14754 - its 161% gives a target of 14400 approx.
So i would be very careful around these levels, if we come near it. we already have come near it, but we might again attempt it.
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Related publications
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.