Nifty50/ a correction or a crash ?

The Elliott counts looks to be complete on Nifty50. There is expected a correction or crash nearby. D waves is a system that helps us to identify accurate Elliott count . This is not financial advise. do your own research before making an investment decision.

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D waves is an algorithm based dynamic system that helps to count the Elliott waves correctly. The assumptions have been made based on same system output.

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nifty fell a whopping 0.72% today. thsi zone is a zig-zag zone. selling must be executed on high break only. some spikes down trap the retailers who sell during the spikes down.

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more than 1% fall in last 3 days.

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2.3% fall till now.

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D waves system tells us that if Elliott 5 has completed on TF8 then there appears 12345 Elliott structure on TF6 as corrective waves.Nifty is now in wave 1 of 12345 corrective structure. Expecting wave 2345 downside.

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OR it can be abc down on TF6 and then ending abc upside. In this case also price is in wave a of abc correction.

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As per D wave system, nifty is expected to 20k zone in its current run.

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The current break of high on Nifty is just SL hunt of bears. Bull trap being reported by the system.

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Our initial idea about Nifty was that it will crash towards 18k-16k. The idea still holds good as Nifty made an initial bear correction and now has printed a bear flat by breaking the ath a little. so we expect a crash as per D wave system.

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Nifty made Good fall in last 2-3 days. Next support zone is 22000-21700 . A break through if happens , then we will target 21300 zone.

This is not a financial advice.

raghufx

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.

raghufx