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

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