Wave Strategy Home Forums Trader’s Forum Nifty correction

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    Dhiraj

    If we consider fall from 10172 to 9950 as Leg A and the current rise from 9950 to 10800/900 as leg B which also happens to be approx 80 % of the retracement, there is a good chance that wave C from current levels might hit 9700-9800 again in the next quarter possibly.

    #149073 Reply
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    Ashish Kyal, CMT

    Yes, That is possible but we need to see faster retracement for confirmation. Also Time cycles low are getting due so there will be short term positivity possible.

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