Nifty seems to have completed the fourth minor subwave yesterday as a flat. Now the firth wave is pending and it may move upto 5310-5340 range and face resistance. This range is also the upper channel line.
Daily Elliott wave analysis :
Elliott wave label on hourly chart:
Elliott wave label on 5 min chart:
Added a new chart, it contains 9 RSI and 35 D. Observing positive or negative divergence in this chart is quite rewarding. We have to see whether any such thing develops today.
Daily Elliott wave analysis :
Added a new chart, it contains 9 RSI and 35 D. Observing positive or negative divergence in this chart is quite rewarding. We have to see whether any such thing develops today.
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