Elliott wave count on Daily chart:
Elliott wave count on 5 min chart:
This can be viewed in two ways. Current labeling is a completely bullish one though with (i),(ii) completed and (iii) in progress. Though this can also be labeled as (a),(b) and (c) in progress. We need to closely watch the next development of the Nifty. There may still be a large down move left to complete the large B.
Elliott wave count on 5 min chart:
This can be viewed in two ways. Current labeling is a completely bullish one though with (i),(ii) completed and (iii) in progress. Though this can also be labeled as (a),(b) and (c) in progress. We need to closely watch the next development of the Nifty. There may still be a large down move left to complete the large B.
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