Nifty movement as per wave theory
The attached Nifty chart is for educational purpose only.
The C.5 wave on the hourly chart shows a completed C.5.3
C.5.4 in progress . It can make either a regular flat or a triangle.
C.5.4 is retracing the prior wave by 38.2 % with target 10511 ( max 10504 where C.5.1 has completed ).
The target of C.5.5 will therefore be minimum 10618.
A sharp will be expected upon completion of C wave.
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