Nifty Short Term Wave count - 21st Feb 2021
Hi All,
As per my earlier Idea, i had given a count of mid term Nifty count of waves.
3rd Wave going on. Inside 3rd Wave i have put counts from 1st wave to almost 5th wave.
so 1st Wave starts from low of 10850 and end around the highs of 12018. - almost 1150 points
then 2nd wave gets completed around 2nd November at 11557, - almost 450 points
then again the 3rd wave gets going from those lows of 11557 to the highs of 14753, the 3rd wave the Impulse. - almost 3200 points
Then from there we got a correction to the lows of February 1 lows (Budget day) 13661. - almost 1100 points.
And now the 5th is going on, the Fibo from the lows of 13661 to previous high of 14754 - its 161% gives a target of 14400 approx.
So i would be very careful around these levels, if we come near it. we already have come near it, but we might again attempt it.
As per my earlier Idea, i had given a count of mid term Nifty count of waves.
3rd Wave going on. Inside 3rd Wave i have put counts from 1st wave to almost 5th wave.
so 1st Wave starts from low of 10850 and end around the highs of 12018. - almost 1150 points
then 2nd wave gets completed around 2nd November at 11557, - almost 450 points
then again the 3rd wave gets going from those lows of 11557 to the highs of 14753, the 3rd wave the Impulse. - almost 3200 points
Then from there we got a correction to the lows of February 1 lows (Budget day) 13661. - almost 1100 points.
And now the 5th is going on, the Fibo from the lows of 13661 to previous high of 14754 - its 161% gives a target of 14400 approx.
So i would be very careful around these levels, if we come near it. we already have come near it, but we might again attempt it.
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