A small recovery in nifty from current down move

NSE:NIFTY   Nifty 50 Index
Nifty can see a small recovery in price action around 8620 - 8700, as we can see the C or the 3rd wave has just completed, the next wave is either iv or X, either way if nifty goes up it should have a corrective :3 wave format.
If wave iv is to be in action the price will not go much high but it can take a lot of time, If it's an X, the movement can take price and time both.
Trade ist aktiv: Nifty is trading in the range given yesterday, I posted this before making the final low, so it made a low of 8551 and is trading over 8620 today, A few quick updated,
i) NIfty touching the level of 8662 will confirm this upmove is not a 4th wave but a b.

ii) Nifty should not cross the upper trend line in order to make a new low below 8500, which doesn't look like it will soon, Which means price shouldn't go beyond 8700, else I will have to recount.
Trade geschlossen: Ziel wurde erreicht: As expected Nifty seems to have reversed from the given price range, i.e, 8620 - 8700, It seems new impulse has started downwards.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden