Short

Nifty Next Path - Downside risk is more

Updated

NIfty is in the correction phase and part of C wave correction which is forming a five-wave pattern and the current location looks near to Wave 4, which may end around 16400 or max 16555, then expecting the fifth wave to start which can be an extended wave, looking to the broad expanding triangle formation and expecting Wave C to make bottom around 14500 between 4th to 20th July'22, Keep SL 16600 and SELL on Rise

Note

Nifty corrected almost 1000 plus points from the levels i posted

Trade closed: target reached

yogesharora2409

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