Where are we standing according to Elliott Wave in Nifty?
Wave Counting:
The impulse that started after the COVID crash is almost near it's completion.
Currently, we are in Wave 5th of the bigger Wave 5th.
Wave 3rd completed in October 2021.
Wave 4 (truncated) completed in March 2023.
The Wave 5th started in March 2023, and we are in the sub-waves of this final wave. This wave can extend since Wave 3 of Wave 5 was truncated (failed to reach 161.8%).
The targets for Wave 5 of Wave 5 can be:
23897 (127% - minimum)
24608 (161.8%)
25394 (200%)
261.8% (maximum) - rare case
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