This is a classic Flat pattern
NIFTY
is in the making. I used the Futures chart for continuity/ least gaps. The initial 2 legs A, B are done and Nifty is now in the C leg. Now that there has been a big move, there is a good chance that Nifty will retrace. Once the pullback/ retracement is done, it could go down to finish the C wave, at levels close to A.
NIFTY
is in the making. I used the Futures chart for continuity/ least gaps. The initial 2 legs A, B are done and Nifty is now in the C leg. Now that there has been a big move, there is a good chance that Nifty will retrace. Once the pullback/ retracement is done, it could go down to finish the C wave, at levels close to A.