Timeframe: Daily
In our previous article, we accurately predicted both a decline and a short-term rebound, along with their respective targets.
Visit here: NSE NIFTY – Elliott Wave Outlook
Currently, NSE Nifty has completed wave (Y) of the double three correction at 21,964.60, establishing a strong support level. The subsequent rally surged approximately 8%, bringing the price close to wave B. A breakout above wave B could signal a strong upward impulse for traders.
Wave (3) of the emerging structure has successfully completed at 23,869, marking the beginning of a corrective wave (4). Alongside this, an inverted Head and Shoulders pattern is developing on the daily timeframe, signaling a potential bullish continuation. If this pattern holds and price action follows through, Nifty could move toward key resistance levels. The projected upside targets for the coming sessions are 23,650 – 24,300 – 24,850+.
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This chart is 🔥🔥🔥🔥
Nice chart, Please update gold and silver.
Great work :)