NIFTY downside targets
If we count a single leg for NIFTY, (recent move), we can see Flat Correction.
Wave B is returning from the golden ratio of 61.8%
We will use the Fib extension to find the target of wave C. We can see that the minimum target of 61.8% has already been crossed. Price now moving for the Rule of equality i.e. 100%.
But we can see several Fib clusters near the price range of 23667.40 and 23621.35
So we can expect wave C up to these zones.
This analysis is done using Elliott Wave theory and Fibonacci.
This analysis is for educational purposes only.
Wave B is returning from the golden ratio of 61.8%
We will use the Fib extension to find the target of wave C. We can see that the minimum target of 61.8% has already been crossed. Price now moving for the Rule of equality i.e. 100%.
But we can see several Fib clusters near the price range of 23667.40 and 23621.35
So we can expect wave C up to these zones.
This analysis is done using Elliott Wave theory and Fibonacci.
This analysis is for educational purposes only.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.