NIFTY chart looks like is completing✅ Wave 1 of the cycle started in 1991, next wave 2 down ↘️
If wave count is correct, then short-term looks bearish, suggesting index correcting to levels between 10-12k (levels will be updated as we get more clarity).
By short-term, I mean maybe 1-2 years or even more, as wave 1 was 20 years long.
But after the short-term darkness, I truly believe that there are very bright years/decades waiting for the Indian economy.
Not financial advice, please do your own research.
If wave count is correct, then short-term looks bearish, suggesting index correcting to levels between 10-12k (levels will be updated as we get more clarity).
By short-term, I mean maybe 1-2 years or even more, as wave 1 was 20 years long.
But after the short-term darkness, I truly believe that there are very bright years/decades waiting for the Indian economy.
Not financial advice, please do your own research.