Nifty 50 IndexLong
Nifty 50 Elliot wave Analysis
These are internals of last wave 5. we are in wave (iii) of wave 5 , as you can se wave (i) ended with truncated wave 5 in it and then we corrected in wxyxz pattern. As we completed correction we started wave (iii) rally and it confirmed as we cleared the top of wave (i) in lesser time which shows it's an impulsive rally. Wave 3 normally is the strongest rally of any impulsive pattern.
Breaking up wave (iii) internals - we have completed minor 1 and 2 of wave (iii) and wave 3 of (iii) seems to be extending, so projection for wave 3 of (iii) is coming near 12381 which we may see in coming days !
Breaking up wave (iii) internals - we have completed minor 1 and 2 of wave (iii) and wave 3 of (iii) seems to be extending, so projection for wave 3 of (iii) is coming near 12381 which we may see in coming days !
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