Nifty ElliottWave forecast
Nifty daily chart
Nifty Elliott wave wave s are very much confusing at current juncture but I just came out with one of the probabilities that showcases something very astonishing.
Technically speaking, Nifty is not showing any signs of weakness as it continues to make new lifetime high. Also to be noticed that the index is protecting it's previous low, all suggesting that upside is not capped.
As per wave theory, I believe that wave iv was in a inverse descending triangle which implies that currently Nifty is in wave v and is all set to move till 61.8% of wave i, iii to iv
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