In this Video I have analyzed Nifty from weekly chart to 5min chart using Elliott wave theory. And what we found is Nifty is in resistance range and may decline in upcoming days. For detail understanding kindly watch full Video. Thank you.
Nifty Elliott wave Analysis update.
In this chart I have mentioned last impulse started from 27782 to 28388 looks (A or 1) and 28388 to 27941 as ABC correction looks (B or 2). next 100% and 123% projection for wave C or 3 is coming at 28547 and 28686 respectively which can be minimum target for bank nifty. In that case 38% retracement of wave (c or iii)(28344-27941) which is coming at 28095 is very...