Friday, January 26, 2024

Elliot counts revisited

 Revisiting the Elliot counts,

1st wave 16828–20222 3394 points

2nd  wave 20222 18838; 

3rd wave unfolding

3.1 18838 22124       3283 points   

3.2  23124 - 20875 or 20481

3.3 ???

3rd wave target can be 23k to 26k 

Then 4th wave to follow and 5th truncated if 3rd wave is extended.

So target for Nifty 26 to 28k in H1.

Strategy book profits from 25k onwards