NIFTY SPOT HAS MADE A LOW NEAR 16828 ON 20TH MARCH 2023.. will give wave count from this low as follow
WAVE 1 : 16828 TO 17207 (379 POINTS)
WAVE 2: 17207 TO 16914 (293 POINTS i.e. nearly 77% corrected)
WAVE 3 IS ON : 16914 TO 17545 (HIGH TILL NOW) (631 points till now)
1.61 fib level comes near 17527
now negative diversion is visible on MACD indicator.. price yet to confirm... part booking of profit in longs advisable...
wave 4 will have abc correction
WAVE 1 : 16828 TO 17207 (379 POINTS)
WAVE 2: 17207 TO 16914 (293 POINTS i.e. nearly 77% corrected)
WAVE 3 IS ON : 16914 TO 17545 (HIGH TILL NOW) (631 points till now)
1.61 fib level comes near 17527
now negative diversion is visible on MACD indicator.. price yet to confirm... part booking of profit in longs advisable...
wave 4 will have abc correction