Nifty Price Prediction for Tomorrow (23 June 2025)
Nifty 50: Possible Counter-Trend Move After Three-Wave Rise
The Nifty 50 has clearly moved upward in three distinct waves, indicating that the rise may be part of a corrective structure instead of a new impulse. If this assumption is accurate, a counter-trend move to the downside is likely in the short term.
Nifty 50 / 15 Min
Key Support Levels to Watch:
- A break below 24,900 may indicate the beginning of a downward move.
- The next significant support levels to monitor include 24,825, 24,750, and 24,645.
If the Nifty 50 does not reverse and instead breaks above the previous day’s high in an impulsive manner, the entire bearish outlook and wave count will be invalidated.
Traders and investors using Elliott Wave theory need to develop Wave 1 skills. Understanding the characteristics, rules, and patterns of Wave 1 can enhance comprehension of market dynamics. Read more…
Disclaimer
This post is just for informative purposes and does not constitute financial advice. Trading and investing involve risk, and past performance does not guarantee future results. Before making an investing or trading choice, readers should undertake their own research and evaluate their own circumstances. The author and platform accept no responsibility for any financial losses or damages stemming from the use of this material. Receive personalized advice from a qualified financial advisor.
Leave a Reply