Either we are doing WXYXZ or WXY . Marking of Blue with circle or Black with circle can play as per EW analysis on the Nifty future hourly
Nifty future possible wave counts as per EW structure. wave analysis shows down trend to continue with intermittent corrective bounces
Thats a lovely chart with complex corrections marking as per the EW to see the completion of wave 4 and looking impulse to start the minor wave of wave 5. Note this is purely for education purpose only of EW .
Nifty Future EW count is marked on the chart and we expect the correction to continue until we reach the previous wave 4 level
seems Wave 3 starting now breaking out of consolidation
completed correction and started impulse waves. retracement can be to 50 or 68% and then to move up and break out
seems ready to make up move . after consolidation. tight SL to avoid losses
Eicher correction thoughts invalid if B crosses up the resistance level shown