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Elliott Wave Update of Nifty Pharma Index - 27th Jan'23

#NIFTY PHARMA INDEX fell almost -21.5% (3211 pts) from 14938.25 (Oct'21) to 11726.4 (Jun'22).

Recently the Pharma index has risen 6242.85-14938.25 in three waves (with fib support, 38.2%) with a four wave double zigzag. Is this part of a new impulsive move higher part of the ongoing fall from 13736.05?

Exhibit: Nifty Pharma Index


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