Nifty Mid Cap 50 CMP 16500
The index did turn from the support at 15800 fib zone which also has a trendline support.
Elliott- the B wave is over and now the C wave rally should begin . The minimum tgt from here is at 19K. This is a good 14% from the CMP.
Gann Square- The Gann square of 13 falls on the current candle.
Conclusion - to me this rally will take at least 2 months to complete.
The index did turn from the support at 15800 fib zone which also has a trendline support.
Elliott- the B wave is over and now the C wave rally should begin . The minimum tgt from here is at 19K. This is a good 14% from the CMP.
Gann Square- The Gann square of 13 falls on the current candle.
Conclusion - to me this rally will take at least 2 months to complete.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.