From 7511 its looks like double zigzag correction . But to find out top(End of (c)) we need to look at the recent bounce started from 11111.
I could not see any other pattern other than double zigzag correction. But it doesnt mean I am shorting blindly. do your own analysis and make trading strategy accordingly.
It seems end is nearing as rsi is also showing divergence. Perhaps index should fall unless another correction is in way which seem to be unlikely as price action is moving in a very narrow channel.
Parasuram
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tell us the implication of double zigzag... has the top done?
ckirtane
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@Parasuram, NIFTY WILL CORRECT TO 11111 & AGAIN START UPTREND TO ACHIEVE FINAL TARGET OF 12000/12200.THEN BIG FALL TO 8350.NEAR DIWALI.
amlanpradhan78
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Correction will be done only after the result of US election. There is no heavy downside before us election.