Nifty: Elliott Wave Analysis Anticipated Happened

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 Nifty 60 mins anticipated on 7th Feb 2022


Nifty 60 mins chart happened on 24th Feb 2022


In my previous update on Nifty, I had mentioned that, " Nifty is all set to plunge to test 16400-16000 levels over short to medium term."

Nifty faltered as per my view and made a low of 16200 which was in the range mentioned by me - Anticipated Happened

To check my previous article on Nifty, click on the below link

https://www.marketanalysiswithmeghmody.com/2022/02/nifty-elliott-wave-analysis.html

The benchmark has arrived near crucial support and can bounce back, this can eventually turn into complex correction and so wave x can move higher from here till the resistance of the falling channel or can start a fresh leg higher, crossing all the hindrances.

The summation is Nifty is set to soar from here near till 17600-17800 levels over short to medium term.

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