Nifty Forecast with Neowave

16 set 2022

NIFTY

Hi everyone

First Lets see out previous forecast.
As you can see in below image , previously we were expecting an bullish structure and a correction, which we did as you can see in our current forecast.

Now Lets talk abt current neowave structure
As you can see in the chart we have completed wave-M1 and currently we are in wave- M2. Further in wave M2, we have already completed two leg of correction called SC1 and SC 2, which means half of the correction is completed. we may see further SC3 only or up to SC 5.
So After this correction, structure should proceed for wave M 3 as long as we are above invalidation levels. and this is out current structure.

I also want to show you the below image as we are facing an major resistance at 18118 and due to this we can see an wave - LC5.

If you like the idea, plz like and share it.
Thank You