NIFTY technical analysis, big picture
Technical analysis for NIFTY 50 Index.
This count has price in price in wave c of Primary wave 4. The a and b wave of the zigzag may need to be adjusted, depending on how price moves down to target, which is the 15000-17000 area.
Price never tagged the median line of the bullish pitchfork, did its best to stay above its bullish Hagopian line. As price continues to stay below 24857.75 (which is now key resistance), gravity should pull price down rather quickly towards target.
This count has price in price in wave c of Primary wave 4. The a and b wave of the zigzag may need to be adjusted, depending on how price moves down to target, which is the 15000-17000 area.
Price never tagged the median line of the bullish pitchfork, did its best to stay above its bullish Hagopian line. As price continues to stay below 24857.75 (which is now key resistance), gravity should pull price down rather quickly towards target.
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