Madbull1992

Madbull1992

Nifty 50 is in its corrective phase as explained in yesterday's post. Here is an alternate view to the completion of B wave in Nifty's corrective pattern. TAKEAWAY:- - Whatever view Nifty follows, 16800-17000 zone is a good time to put in some money. Disclaimer:- I am not a SEBI registered analysist. Please do your own analysis and consult your financial advisor...

Madbull1992

-Nifty 50 is in a corrective wave on monthly charts after the high made in Oct 21. -As of 15 Feb 23, Nifty 50 is in the wave B of the corrective wave A-B-C because the current downfall in Nifty did not follow the ELLIOT wave pattern for the impulsive C wave hence the B wave will continue. -The corrective B wave now will complete making an all time high in Nifty. -...

Madbull1992 Updated 

Key points of trade: NSE:LT Entry :- 2210-2230 Stoploss:- weekly closing above 2238 Target 1 :- 2050 Target 2 :- 1985 Description:- L&T completed its 2nd wave correction of monthly time frame in MAR20. It started its 3rd wave on monthly time frame and completed the sub wave i of 3rd monthly wave near 17 JAN 22. 2nd sub wave of 3rd monthly wave was completed near...

Madbull1992

NIFTY 50 completed its sub wave (i) of the 5th major wave @18604 on monthly charts in OCT 21. The recent ATH of 18887 was the completion of corrective wave B of the correction wave ABC which will be completed after forming the C wave which should complete near the last lows of 15200. RSI divergence on monthly charts supports the down move of the market from recent...