T_Harth

Nifty 50- Elliot Wave Count SHORT!

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T_Harth Uppdaterad   
NSE:NIFTY   Nifty 50 Index
Attached: Nifty 50 Hourly Chart as of 25th April 2023 EOD

A Leading Diagonal in form of ABCDE in Wave 1/ A and then a Pullback in Wave 2/ B
And Now the 3rd Wave/ C Wave has started

Targets for this Wave Down are anywhere from:
17600 to 17340

Note: Alternatively the Leading Diagonal could also be Wave 4 and 5th Wave is complete and so Wave 2 can Dip down to Previous 4th Wave Low which also comes to approx 17575 as our 1st Target
Trade stängt manuellt:
Price back in Green after hitting 17711, 20 Hour SMA holds. So the kind of Move you'd expect in a 3rd Wave did not play out so this Wave Count is negated.

Could be something else but no strong direction on the downside at least

Siddharth Bhansali

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