How do you determine the end of the Throw-over(under)? The price is upper trendline & recent volume is declining which is an indication that the End of The wave will meet.
But this chart has not volume data cause of spot nifty. You can check out volume changing into future nifty.
Let's try to look closely sub-wave of Primary Rounded donated 1 W. The parallel channel is connected 1 & 3 upper bands and for lower band connection by 2 & 4 but, 5th traveled the price upper trendline which 5th Wave throw-over.
Now for the Primary Rounded Cycle, the price is traveling the upper trendline. In this scenario, we can see the price has surged after the 4th of throw-under.
End of this Throw-Over, we clearly assume that the correction will be huge or after little price rotation. This correction can be 1700-2500 points or more than it!
WOW !! This is simply awesome analysis , thanks for this !!
Golden_Ratio_x_618
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Thanks mam for the chart. You may be right on throw under/over theory but It will be interesting to see it revesing from 0.786 levels 16200 i highly doubt that. Most possible reversal comes from 0.618 level which is broken now 1 or 1.618 should be ideal level 20k is the most preferred target here. Please have a look again if you can.
PrakashBhatia
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Hi, good morning
Please share your technical analysis wave theory on short term time frame of 1 hr. 4 hrs. Or daily candles for nifty50 and banknifty and fin.nifty please. Thank you 😊
It will be Happy Valentines gift for all serious traders. 👍
ShreeKrishna
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its Not dropping , still if you want to check your luck sell it , Let me see how long you will hold it