Nifty 50

Nifty 50 is showing 5 wave structure completed on down side in hourly time frame. 5th of 5th could be truncated. Price may retrace upto 38% to 62%. Price may take resistance of 50 ema in daily time frame as well as daily.
https://www.tradingview.com/x/zsDsZQYy/
hourly macd positive cross over after 13 january
https://www.tradingview.com/x/Iq119EZ2/
hourly RSI is gaining strength