This is single leg counting of nifty 50.
Starting from March 2023 lows till last trading day.
Some may count it as 1-2-3-4-5 but I am marking it as WXYXZ bcoz what I have read in books.,
this whole rise doesnt satisfies impulsive wave counts and hence marked as combinations of abc which eventually turned out to be WXYXZ.
Which means, if u consider this single leg which started from march lows, one cycle (5 wave count be it 1-2-3-4-5 or wxyxz ) is completed here and we should see some decent correction now.
Lets see how it goes but I am now not looking for any more ATH from here.
Will keep updating as and when required.
All the best.
Stay alert !!!
Starting from March 2023 lows till last trading day.
Some may count it as 1-2-3-4-5 but I am marking it as WXYXZ bcoz what I have read in books.,
this whole rise doesnt satisfies impulsive wave counts and hence marked as combinations of abc which eventually turned out to be WXYXZ.
Which means, if u consider this single leg which started from march lows, one cycle (5 wave count be it 1-2-3-4-5 or wxyxz ) is completed here and we should see some decent correction now.
Lets see how it goes but I am now not looking for any more ATH from here.
Will keep updating as and when required.
All the best.
Stay alert !!!
