Nifty Elliot Wave Resistance can be observed from the above chart that Nifty Elliot Wave has resistance in progress from April 2020 to January 2021. The extreme low was seen in April 2020, followed by a high in May 2020, which was low in October 2020. A new high followed this in January 2021.

 It is essential to be cautious currently as Nifty longs reversal can happen at any time. The same can be said about Bank Nifty as well. This trend was predicted much earlier by us at GannAndWaves. If you also wish to understand the Elliot wave concept, you can contact us on 7330-777-373.

Also Read: Nifty Elliot Wave Analysis