Nifty 50 IndexUpdated Nifty - Elliott Wave - 21sept 2019
Hi
This is self explanatory chart. IMO, We are still in correction .We have completed Wave A with recent lows of 10670.
Now Wave B is going on, and it seems we are in a flat correction, because the current Green candle has closed almost 50% of the recent fall. so there is a scope of correction up till 90% of recent fall, which comes to around 11800.
Recent lows will invalidate this theory...until that time its buy on dips.
This is self explanatory chart. IMO, We are still in correction .We have completed Wave A with recent lows of 10670.
Now Wave B is going on, and it seems we are in a flat correction, because the current Green candle has closed almost 50% of the recent fall. so there is a scope of correction up till 90% of recent fall, which comes to around 11800.
Recent lows will invalidate this theory...until that time its buy on dips.
Note
11694 as of now...another 100 plz...hereon 11400 is a good support....
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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.