Nifty spot Possible Elliot wave counts

28 Feb 2023

Here we have plotted possible Elliott wave counts of Nifty spot chart on hourly time frame, we are assuming equality level of (W) and (Y) near 16600 levels.
Currently we are unfolding wave (Y) in which we are still in wave v of wave A near yet to complete, post wave A we are assuming to start wave B, which can just be counter trend rally, and also it can generate new opportunity to short fresh positions on completion of wave B to start fresh fall as wave C of wave (Y).
here we are assuming small rally to complete wave B along with invalidation level of bottom of wave A swing low, and then big fall to complete wave C of wave (Y) along with invalidation level of high of wave B swing high.
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My studies are for educational purpose only.
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I am not responsible for any kinds of your profits and your losses.

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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.