@Hulk703, Hello, currently, corrective wave is going on here, it is a complex correction. here we can have multiple alternate counts for corrective wave analysis, but as per me WXY type looks best (flat - zigzag combination), and price currently at horizontal support zone and 38.2% retracement levels,
invst.ly/68jns, invst.ly/68jnw, invst.ly/68jon
Hulk703
⋅
@ParamjitMahapatro, Appreciate your help Sir .azmazing elliotwave charts
ParamjitMahapatro
⋅
@Hulk703, problem with running complex corrective wave is it may get extended to WXYXZ, so we cant pinpoint, when the correction will be complete. But here price is at imp support, so it can give a bounce back, but it may or may not reach the long term overhead resistance of 140.
so my suggestion - you may go long once price reversed from current support zone, with a sl below the horizontal support zone, and keep trailing your sl, Note: 110 is an imp resistance level, so be alert at that level, once 110 level clearly broken then it can go towards 140 levels.
Hulk703
⋅
@ParamjitMahapatro, Perfect Sir ... ThabknYou so much for your help and guidance
can you give us your wave analysis on nifty weekly charts please if possible to see which major wave we are riding including minor waves in detail,thanks for your effort
ParamjitMahapatro
⋅
@krishnasrinivas7674, Hi I have shared EW analysis of Nifty, Please have a look,
bloomberg.com/quote/BUPA:AB