Nifty Medium Term Trend - 21st Feb 2021
Hi
After the recent fall from March, we might have completed the bigger Time frame 4th wave. Please go through the other Idea that i have published.
Now in this bigger 5th Wave - we have the following wave structure.
The bigger timeframe 4th wave completed around 9000 near 26th May. That is my opionion, others may vary. I have this structure from the lows of 9000.
1st Wave - starts from 9000 on 26th May to high of 11794 on 31st aug 2021.
From there the 2nd wave started & came down till 10790 - 2nd wave completed.
And from the lows of 10790 (approx), we started with the upmove - the 3rd wave the biggest one, which got completed or going to complete around 15350/15450 approx.
And then we will have the 4th wave probably to 13500 or even 13000.
So as of now we can conclude that, we need to be cautious as the upside continues.
Best buy would be around 13.5k or 13k for another 2500 points upmove.
Constructive comments are welcome.
After the recent fall from March, we might have completed the bigger Time frame 4th wave. Please go through the other Idea that i have published.
Now in this bigger 5th Wave - we have the following wave structure.
The bigger timeframe 4th wave completed around 9000 near 26th May. That is my opionion, others may vary. I have this structure from the lows of 9000.
1st Wave - starts from 9000 on 26th May to high of 11794 on 31st aug 2021.
From there the 2nd wave started & came down till 10790 - 2nd wave completed.
And from the lows of 10790 (approx), we started with the upmove - the 3rd wave the biggest one, which got completed or going to complete around 15350/15450 approx.
And then we will have the 4th wave probably to 13500 or even 13000.
So as of now we can conclude that, we need to be cautious as the upside continues.
Best buy would be around 13.5k or 13k for another 2500 points upmove.
Constructive comments are welcome.
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