A Probable Elliot Wave analysis of NIFTY
The current correction (Wave 4) can last for a while.
The current correction (Wave 4) needs to be above the high of Wave 1 (6400) levels.
Reason: Impulse wave rules -- Wave 4 should not overlap the price range of Wave 1
The current correction (Wave 4) needs to be above the high of Wave 1 (6400) levels.
Reason: Impulse wave rules -- Wave 4 should not overlap the price range of Wave 1
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