Nifty Futures : Finding Real Bottom

Date 28.02.2025
Nifty Futures
Weekly Chart

Based on Elliot wave concept

1 Since Wave 1 & Wave 3 both impulsive waves were extended waves therefore, Wave 4 retracement could be deeper.

2 Currently market is under wave 4 corrective phase of ABC which is 3 wave pattern, hence the yellow mark are wave 4 areas

3 Currently at 78.6% on retracement of Wave 4 which is immediate hope, below this on weekly basis lower levels highlighted will be active.

Regards,
ANKUR