Hi,
Looks like Nifty already completed it's 5 wave bullish sequence on monthly chart and currently correcting the entire wave 5 sequence which is essential for next bull run.
Normally such correction may end near to the previous 4th wave span ( levels as highlighted : 9119-6825).
This is not a trading call, Just trying analyse where we can look for the bottom for a long term investment.
** only for education purpose **
Trade with Care,
Gulz
Looks like Nifty already completed it's 5 wave bullish sequence on monthly chart and currently correcting the entire wave 5 sequence which is essential for next bull run.
Normally such correction may end near to the previous 4th wave span ( levels as highlighted : 9119-6825).
This is not a trading call, Just trying analyse where we can look for the bottom for a long term investment.
** only for education purpose **
Trade with Care,
Gulz