Very nice.. In between I have also analysed that corrections are generally found in form of 'abcdefg' called neo waves, and impulse is 1,2,34,5.. And so i ak finding that we are on end of completing short term correction.. May bounce from 13911/14191 anywhere.. Or 12600 if it is time wise correction (which is not justifying neo wave right now) .. Just waiting for a big bounce on upside breaking your prescribed upper trendline..
starttrade2020
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@VishalSancheti, This is not looking short term correction specially the time it spent for this small correction ( in such bull market I am assuming this small correction :) ). I think it will continue for another 6 months for target around 12500 and then real bull market will start .
VishalSancheti
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@starttrade2020, even I was having view in feb at 15400 for 6 months corrections, but now many of the stocks is suggesting upward movements, hence think one one upside...
check my latest charts for the same..
@Trader1680, what is the rational behind that. what if 5th wave has completed and it gets corrected 61.8% ( Around 10600) in next 6 months.
Trader1680
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@starttrade2020, Yes i think u could be right. Right now, I will wait for May end for more clarity. If Nifty goes to 13500 in May end, then correction is complete. If it is doing timepass, then I think what you told in above post (roughly 6 months correction) will happen. Something similar to 2011 correction, and 2015 correction.
ckirtane
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thanks for giving detail analysis. please give indication as soon as break out happens.
gggaravind
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Thanks. Please keep posting more on your past observations.
sonu61989
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Sir stocks mei kare to chalega? In complex correction
And so i ak finding that we are on end of completing short term correction.. May bounce from 13911/14191 anywhere.. Or 12600 if it is time wise correction (which is not justifying neo wave right now) .. Just waiting for a big bounce on upside breaking your prescribed upper trendline..