Now nifty is coming into heavy resistance zone of 4360-4409-4460.Big zone this is.
Coming to wave counts on hourly u can see clearly nifty futures and spot making an overlapping sequence from 4000.It cud be an extension 1-2(Uasish's count) or series of ABC's which is near completion.We also see a rising wedge formation from 22nd August low.
For the 1-2 count to hold market shud not break 4250 now and in extreme short term 4320.
Now nifty is coming into heavy resistance zone of 4360-4409-4460.Big zone this is.
Coming to wave counts on hourly u can see clearly nifty futures and spot making an overlapping sequence from 4000.It cud be an extension 1-2(Uasish's count) or series of ABC's which is near completion.We also see a rising wedge formation from 22nd August low.
For the 1-2 count to hold market shud not break 4250 now and in extreme short term 4320.
In the attached chart, The inside rising wedge (marked by 1-2-3-4 pivots)was already broken. PLease match the pivots numbered 1-3 and extend the line. A current bar can not be used to draw a pattern boundry.