NIFTY 50 Index (India) Elliott Wave Technical Analysis [Video]

NIFTY ELLIOTT WAVE Technical Analysis

job: Anti -trend (small, gray.).

situation: Corrective.

building: The motivation is in a greater degree.

position: Micro -wave ((II)).

details: The minute wave (II) may advance about 25,000 domains before resuming the decrease. The correction is revealed as an expanded apartment. Instead, the entire structure of 26,300 heights reveals as a minute correction.

Pointing point: 26400.

NIFTY 50 Index Daily Chart Technical Technical Analysis and Possible Coast of the Elliott wave

The NIFTY 50 Index Daily Chart chart proposes a major summit in place around 26,300 marks in September 2024. The index has been reflected since then an accurate wave of sculpture ((I)) on the 23267 mark and a potential flat corrective wave reveals about 25,000-100 regions.

The intermediate wave index (4) ended about 15200 marks in June 2022. The bulls were able to produce a minor religious crowd with a sign of small waves from 1 to 5 through 26,300 levels before reflection.

NIFTY ELLIOTT WAVE Technical Analysis

job: Anti -trend (small, gray.).

situation: Corrective.

building: The motivation is in a greater degree.

position: Micro -wave ((II)).

details: The minute (II) wave may advance about 25,000 domains before resuming the decrease. The correction is revealed as a distinctive expanded apartment like Minuette (A)-(B)-(C) on the 4H graph. Instead, the entire structure of 26,300 heights reveal as a correction at the degree of minute ((a)-((b))-((c)).

Pointing point: 26400.

NIFTY 50 InDes Technical Analysis for four hours and matters to the possible wave

The NIFTY 50H 4H scheme highlights potential charges because Indice gathered through 26280-300 above on September 27, 2024. The initial decrease to 23267 Sub Sub divided into five waves bearing the name of a precise wave ((I)).

The structure can then be seen as it reveals as a potential flat (a)-(b)-(c), which can prepare to pay about 25,000-100 areas to move forward. Prices need to break more than 24,255 resistance to confirmation.

Instead, the entire structure can be from 26,300 higher levels of corrective ((a))-((b))-((c)) a wave while the bulls are preparing to return in control. Either way, it looks higher in the short term.

conclusion:

The NIFTY 50 index advances about 25,000-100 areas within the orange Minuette Wave (C) to finish the minute wave (II).

NIFTY 50 Index (India) Elliott Wave Technical Analysis [Video]