Nifty is preparing for the final wave V of wave C of wave (C).
Price has completed the sub-wave (iv) of wave C. Currently, we are riding on the impulsive wave V of wave C. If the price breaks the low of wave iii, traders can expect the following target of
After completion of final wave C, Price will start a bull run. If the price fails to break this level, the price will reverse.
More bearishness will lead the price to the lower band of the parallel channel.