🌊 GIFT NIFTY 50 INDEX FUTURES — Elliott Wave Analysis
GIFT NIFTY appears to be developing a larger A-B-C corrective structure after completing a major five-wave advance at 26694.5. Wave (V) completed at 26694.5, and price has now entered a corrective phase.
🎯 Targets:
Short-term: 20944 — 20595 — 20353
Longer-term: 17607 — 16822
🚨 Crucial level: 24798
Strong resistance / invalidation: 26695
A sustained move above 26694.5 would invalidate my current bearish corrective scenario and force a reassessment of the Elliott Wave count.
💬 What do you think? Could GIFT NIFTY hit 20944, 20595 or 20353, or could it turn higher from here? Share your opinion below.
GIFT NIFTY appears to be developing a larger A-B-C corrective structure after completing a major five-wave advance at 26694.5. Wave (V) completed at 26694.5, and price has now entered a corrective phase.
🎯 Targets:
Short-term: 20944 — 20595 — 20353
Longer-term: 17607 — 16822
🚨 Crucial level: 24798
Strong resistance / invalidation: 26695
A sustained move above 26694.5 would invalidate my current bearish corrective scenario and force a reassessment of the Elliott Wave count.
💬 What do you think? Could GIFT NIFTY hit 20944, 20595 or 20353, or could it turn higher from here? Share your opinion below.
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Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.