NIFTY ELLIOTT WAVE INTRADAY

FOR WAVE C , CONFIRMATION NEEDED AND IT WILL CONFIRM BELOW 6055.
WAVE B AND WAVE 5 UPPER TREND LINE IS ACTING AS STRONG RESISTANCE.
CLICK ON BELOW CHART TO ENLARGE IT . MORE UPDATE SOON..............

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nifty elliott wave intraday update

nifty is moving in wave c. confirmation of wave c below 6055. wave b lower trend line is broken.
click on below chart to enlarge it. more update soon................ nifty next possible target   5800.

NIFTY ELLIOTT WAVE FORECAST

NIFTY IS MOVING TOWARDS IT'S WAVE B. AND WAVE B ALMOST RETRACED .618 OF LENGTH OF WAVE A.WAVE B IS MOVING IN DOUBLE ZIGZAG PATTERN (A-B-C-X-A-B-C).
CONFIRMATION TO WAVE C ONLY BELOW 6055.INVALIDATION TO COUNT 6230.
TREND CHANNEL SHOWING CLEAR PRICE RANGE. ONCE LOWER TREND LINE BROKEN THAN WAVE C WILL REMAIN IN ACTION BUT CONFIRMATION TO COUNT OF WAVE C IS ONLY BELOW 6055.MORE UPDATE SOON............ RED LINE SHOWING POSSIBLE MOVEMENT OF NIFTY.

 
CURRENT POST WAVE COUNTING IS CONNECTED WITH LAST POST.....

NIFTY ELLIOTT WAVE INTRADAY UPDATE

WAVE A OF 5 WHICH IS EXTENSION WHICH COMPLETE  WAVE A NOW NIFTY IS MOVING TOWARDS IT'S WAVE B. WAVE B CAN RETRACE AT .618 OF WAVE A. PARALLEL  TREELINE OF WAVE B SHOWS CLEAR PATTERN ZIGZAG (DOUBLE , TRIPLE ?). INVALIDATION TO COUNT 6230 . SUCH PATTERN DEVELOPMENT TAKES TIME TO DEVELOP.  MORE UPDATE SOON................