Nifty 15 min Chart Wave Analysis
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Nifty 15 min chart wave analysis
I study of nifty 50 chart time frame 15 min see motive wave from 23596.50 to 2347.25
after that market in consolidation phase
Question is how can read this consolidation phase ?
First is it is a corrective wave this correction is complexity of waves
Wave (w) as a internal abc
Wave (x) as a internal wxyxz
Wave (y) anticipate above 23274.....to 23480 -23500 range.......?
after that we can anticipate wave ((x)) or next impulse on lover end of channel at this point deciding factor for down side or again wave ((z))...?
it can be denoted as ((w))((x))((y)) because internal wave are in corrective wave formation and price travel in channel so possibility is upside for wave ((y)) after that down side view.
Disclaimer
it is my personal research only for education purpose not for buy and selling recommendation
i am not SEBI registered financial adviser.
Thanks
I study of nifty 50 chart time frame 15 min see motive wave from 23596.50 to 2347.25
after that market in consolidation phase
Question is how can read this consolidation phase ?
First is it is a corrective wave this correction is complexity of waves
Wave (w) as a internal abc
Wave (x) as a internal wxyxz
Wave (y) anticipate above 23274.....to 23480 -23500 range.......?
after that we can anticipate wave ((x)) or next impulse on lover end of channel at this point deciding factor for down side or again wave ((z))...?
it can be denoted as ((w))((x))((y)) because internal wave are in corrective wave formation and price travel in channel so possibility is upside for wave ((y)) after that down side view.
Disclaimer
it is my personal research only for education purpose not for buy and selling recommendation
i am not SEBI registered financial adviser.
Thanks
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