bank nifty
only for study
according Elliott's wave theory it has completed its 1st cycle perfectly.
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and have a look at its bar ..... aporox 144 bar are there
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So lets assume 5th wave as 1 wave of its higher degree
and 8th wave as 2nd wave of higher degree
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Now there can be some consolidation in 2nd wave ... but after breakout we can assume that it will give an awsm rally for 3rd wave
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THANKS ..
_________________________________________________
according Elliott's wave theory it has completed its 1st cycle perfectly.
--------------------------------------------------------------------------------------
and have a look at its bar ..... aporox 144 bar are there
____________________________________________________________
____________________________________________________________
So lets assume 5th wave as 1 wave of its higher degree
and 8th wave as 2nd wave of higher degree
-------------------------------------------------------------------------------------
Now there can be some consolidation in 2nd wave ... but after breakout we can assume that it will give an awsm rally for 3rd wave
_________________________________________________
THANKS ..
_________________________________________________
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