Nifty Elliott wave analysis(weekly) for 17th to 21st Dec 2018
This sharp decline from 10941 to 10334 is seems like personality of wave C. And recovery towards 10941 after that sharp fall is also indicating that it might be an irregular correction pattern was completed from 10645-10440(as A), 10440-10941(as B) and 10941-10334(as C).
As per this wave count 10974-11126 is the minimum target range, even if wave started from 10004 is corrective. As of now we should not be concern whether its ABC or 123.
As per this wave count 10974-11126 is the minimum target range, even if wave started from 10004 is corrective. As of now we should not be concern whether its ABC or 123.