What I have tried to explain is Nifty complete cycle structure:
cycle (1):
wave 1, has been completed @1380 (sept 94)
wave 2, has been retraced to@ 810 (nov. 98)
Now against there is a good impulse ended 1816 (Feb 00) but next wave retraced below the origin of wave 1 (this could be sub cycle) sub cycle wave 2 got completed 847 (oct 01)
link:
Now sub cycle wave 1, 2 already completed, now its turn for wave 3 which eventually got stretched & completed @6300 (dec 07), wave 3 got corrected in form of wave 4 got completed above sub wave 1 region @ 2260 (oct 08)
Wave 5 against got completed as a extended wave and got completed @ 12300 (jan 20) sub wave marking for wave 5 also mentioned in below chart
Now on the completion of sub wave cycle entire structure got corrected in form of 2020 crash 7500 (Mar 20)
and from 2020 nifty is in its final leg of cycle wave 5.. still uncompleted.
Here also sub sub cycle wave 3 & sub cycle wave 3 is in extended mode as marked in chart
Here, wave numbering can be done in multiple ways, however, I have chosen one as per my understanding.
Here, wave 3(5) got completed @ 18600 (oct. 21) & corrective 4 completed as a complex correction as mentioned in chart 15100 (Jun 22)
It's look like we are on the final leg for wave 5 (5) for nifty, where, no one can say either wave 3(5 of 5) completed or not.
Until nifty is trading above mid line of wave 3 channel we don't recommend to shot it.
chart shared
I have covered the detailed post on channels, any one interested can check it out in my old TW post..
cycle (1):
wave 1, has been completed @1380 (sept 94)
wave 2, has been retraced to@ 810 (nov. 98)
Now against there is a good impulse ended 1816 (Feb 00) but next wave retraced below the origin of wave 1 (this could be sub cycle) sub cycle wave 2 got completed 847 (oct 01)
link:
Now sub cycle wave 1, 2 already completed, now its turn for wave 3 which eventually got stretched & completed @6300 (dec 07), wave 3 got corrected in form of wave 4 got completed above sub wave 1 region @ 2260 (oct 08)
Wave 5 against got completed as a extended wave and got completed @ 12300 (jan 20) sub wave marking for wave 5 also mentioned in below chart
Now on the completion of sub wave cycle entire structure got corrected in form of 2020 crash 7500 (Mar 20)
and from 2020 nifty is in its final leg of cycle wave 5.. still uncompleted.
Here also sub sub cycle wave 3 & sub cycle wave 3 is in extended mode as marked in chart
Here, wave numbering can be done in multiple ways, however, I have chosen one as per my understanding.
Here, wave 3(5) got completed @ 18600 (oct. 21) & corrective 4 completed as a complex correction as mentioned in chart 15100 (Jun 22)
It's look like we are on the final leg for wave 5 (5) for nifty, where, no one can say either wave 3(5 of 5) completed or not.
Until nifty is trading above mid line of wave 3 channel we don't recommend to shot it.
chart shared
I have covered the detailed post on channels, any one interested can check it out in my old TW post..