SGX Nifty – Elliott Wave Breakdown & Short Setup (15-Min Chart)

9 lis

SGX Nifty is on its way to complete Wave C correction around 100% - 123% range at level of 25,670 to 25,725.
Thereafter SGX Nifty may turn to Sideways to Bearish...
Plan accordingly.

10 lis

Zlecenie aktywne

As expected, SGX Nifty has reached its 123.60% Level in Wave C.
We might see a Correction which is greater in Time and Price than any other correction in Wave C.

10 lis

Uwaga

🔍 Cautious Trades – SGX Nifty Update
SGX Nifty appears to have reached the 123.60% Fibonacci extension, potentially marking the top of Wave C. However, the last minor downward move within Wave C resembles a Flat Correction, not an Impulse, which suggests the wave structure may still be incomplete.
This opens the possibility for SGX to push higher, potentially completing Wave C at the 100% projection level instead.
📌 Watching the morning open for confirmation. Price action will reveal whether this extension holds or expands.