> NiftyIndex up waves are ending within 25 days and down waves within 7 days.
> or crossover, or divergence at the end of waves.
> Strong and patterns seen at the end of up and down waves respectively.
Combining all these three observations can provide strong Buy and Sell signals.
Current Up wave:
> Current move also started with a kicker and gap up along with a on the oscillator.
> If price stays with in the channel, the possible targets could be the upper of the major channel shown in the chart, which comes out to be 10500-10600.
> If price overshoots the channel line, the possible target for this wave could be 10900 to 11000.
> If this wave cycle repeats, the current wave may end near 20th December 2017
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