NIFTY-50 is in C major wave of the abc correction.
We have completed (i) and (ii) of major Wave C. Today we have completed i & ii
of 3 of C, wave ii has retraced more than 61.8% and may also retrace upto 78.6%,
i.e., it might touch 17455-17460 and will resume its trend downward.
Wave iii has a target of 16115-16120(range).
Like if you liked the analysis.
Please refer to morning chart and correlate with current chart.
Regards
This is not any trade advise, do your own analysis before jumping to trade.
We have completed (i) and (ii) of major Wave C. Today we have completed i & ii
of 3 of C, wave ii has retraced more than 61.8% and may also retrace upto 78.6%,
i.e., it might touch 17455-17460 and will resume its trend downward.
Wave iii has a target of 16115-16120(range).
Like if you liked the analysis.
Please refer to morning chart and correlate with current chart.
Regards
This is not any trade advise, do your own analysis before jumping to trade.
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Respected the 78.6%.
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Came but late....!
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Hope you guys understand the power of waves...!