#Nifty Longterm Bearish chart #Elliotwave

The above chart shows that all of the rally in the last few months can be broken down in to W-X-Y ZigZag, which may have terminated at the recent high.
We are setting up for a massive fall thats going to be disturbing - heading to new lows under 7511. Any fall beyond that should be capped above 6340.
So there you are - a 250 point Stop loss and a possible return of 3800 points.
View invalid if Nifty goes above 11590

Well worth a shot.
#notlonganymore