Nifty 50 - One last Rally pending before correction
1.As per Elliot wave,Sub wave 4 of wave 5 has been started & the next support for wave 5 lies around 12400 level.
2.Extended wave 5 is happening now & could rally upto 13000 level for the wave 5 completion.
3.As already mentioned,after this wave 5 there could be a huge correction for the next 2 months.
4.Once this correction completed,we can witness some very good rally for the next 1 year.
5.Never chase the market & just go with the trend momentum.
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