Nifty Elliott wave analysis of 1hour chart as on 7Nov 2020
In this 1hour chart it seems wave (i), (ii), (iii) and (iv) is completed at 11305, 11181, 12025 and 11535 respectively. And from 11535 may be wave (v) started and already achieved its 38% projection and almost near to 61% projection. so now we need to be cautious on buy side.
The only confusion in this chart is the speed of wave (v) from 11535 is sharp and steep.
For immediate move we should concentrate on the bounce from 11535 in 15 min chart.
The only confusion in this chart is the speed of wave (v) from 11535 is sharp and steep.
For immediate move we should concentrate on the bounce from 11535 in 15 min chart.
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