The impulsive rally off the 22,182 lows has played out as below:
Current expectation:
Disclaimer: Educational view only. Not a buy/sell recommendation. Please DYOR.
- Wave (1) & (2) completed
- Extended Wave (3) topped near 24,025
- Shallow Wave (4) finished as a clean ABC correction (a-b-c), holding perfectly at the 0.236 Fib level (23,675)
- We are now inside Wave (5) of the larger Wave A / 1.
Current expectation:
- Wave (5) should carry Nifty higher towards the 24,300 – 24,400 zone (blue line target) to complete the entire impulsive sequence of Wave A/1.
- Once Wave (5) terminates in the marked resistance band, a larger corrective phase — Wave B / 2 — is expected to unfold (gray projected path shown on chart).
- An extended Wave (3), shallow Wave (4), and now the final thrust in Wave (5).
Disclaimer: Educational view only. Not a buy/sell recommendation. Please DYOR.
WaveXplorer | Elliott Wave insights
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📊 X profile: @veerappa89
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WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.