Simple 5-3 Elliot Wave Pattern in Nifty Future Hourly Charts

Chart shows the Simply Elliot Wave pattern in Nifty Future hourly charts with 5-3 Wave pattern.

It is also inferred that a formation of inverse head and shoulders pattern in hourly charts with

formation of head near 4157 levels and shoulders around 4220 levels offering a next level of targets

at 4429(50% retracement) and 4494(61.8% retracement) as the neckline breaks.

Nifty future is expected to face strong resitance near 4500 zone in coming days

Its time for Shorts Its time for Shorts. Sensex Nears GANN Resistance 16450(Approx) Source: www.marketcalls.in
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