Nifty seems to have completed ‘iv’
th wave with a truncated ‘c’ wave of a flat correction. Note here that wave ‘ii’
was a simple zigzag. So it seems like it has followed the alternation guideline
here.
With respect to the wave count and target we will
continue our previous counts
as detailed yesterday. It appear like we have commenced the wave fifth ‘v’ .
We need to closely monitor this for subdivision and possibility of extension.Nifty Elliott Wave analysis for hourly chart:
Nifty Pivot table:
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