Indice Nifty 50
Short

Nifty Analysis Elliot Wave

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Dear traders as we know Nifty is in correction mode from 18th October 2021 . We have observed that it's making Zigzag pattern in corrective waves that is ABC whic is also subdivided into 3,3,3 Wave pattern . In zigzag pattern we found wave formation of 5,3,5 (it means Wave A have 5 wave ,B with 3 waves and again wave C will be subdivided by 5 waves .

Now Nifty is forming A wave of zigzag which is subdivided in 5 wave and it has completed 4 wave and now forming wave 5 in downside .

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