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Is this a start of impulse wave 5 of 5 which may take Nifty to 17000?

From the interview of Rakesh Jhunjunwala on CNBC TV 18, I totally agree with this point:

Rakesh Jhunjhunwala in an interview said to CNBC TV18 that "A NEW BULL MARKET? - Typically before a new bull market begins, it shakes out everyone in a severe way, this has played out now - I remain an eternal bull, hoping this is the beginning of a long new bull market."

I have posted the following point in my previous Elliott Wave Prediction post on 28/05/2020.

Low posted on 24/03/2020 - 7511 is.end of 4 of 5.

A new impulse wave (bull market wave) is started.

High posted on 30/04/2020 - 9889 is the end of 1 of 5 of 5.

Low posted on 18/05/2020 - 8806 is the end of 2 of 5 of 5.

Now from low of 8806 wave 3 of 5 of 5 has started and as wave 3 is never short, it will give amplitude more than that of wave 1 which is 2378. So the target of the end of 3 of 5 of 5 maybe 11185.

If this bull run is confirmed then the end of 5 of 5 for Nifty maybe around 16688 and if wave 5 is extended then it may be more than 17689.

If you will follow our #share #analysis #software in connection with the above prediction, you can earn a huge profit during this wave 5. So if you still don't have our share analysis software, then buy it today only.

Nitin Shripad Joshi



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