As per our wave count end of 4th and sky rocketed nearly 500 points on nifty. Our extreme wave target for this pattern is 8178, On this enthusiastic run our target reached yesterday. So we adjust the target for this wave pattern as per elliott wave projection, the target 8420 region act as major reversal zone.
Kommentare
onestop
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wave 4 cannot overlap wave 1 . you may need to adjust wave counts
Sachinsyd
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how did u come up with downside target ?
tdurai84
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i think u r asking about 6779 level... Sell signal generated by my mathematical calculation that level is not hit. So nifty definitely fall to that before breaking the 2015 high. Target 1 - 6779, target 2 - 6300
nirav5
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Good analysis!! Correction likely ? If yes till what level..
tdurai84
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Correction could be very narrow upto 7975 to 8000 level. Minor bottom will be placed on next week tuesday or wednesday.