NIFTY IT Index, Pullback Likely To Find Support in Elliott Wave Correction

In a short-term Elliott wave sequence,NIFTY IT Index favors pullback in wave 5 (A or1) started from 04/01/2022 high before upside resumes in wave A or 1.It is correcting in wave 4 Triangle pattern against the bearish sequence from 04/01/22.

Next projected downside target is around 50% Fib level at 25219 zone.

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