padiyaraa
Long

Nifty seems to be completed an ABC irregular falt.

NSE:NIFTY   Nifty 50 Index
111 4 0
Wave ii started from 8250.8 was initially expected as an expanded Flat as the b traded above the
start of wave a & was expecting a target 8066 & 7982. But now its wave C is almost concluding at 8154.45,
and the retracement is more the 62% of c , also the price moved above the 4th wave of c, it is assumed
hat the correction is over and we are now in an uptrend either wave iii             or C if the wave start from 7916 is ABC .
If the above is correct we can see 8489 & even 8696
(Please read it from a learner perspective)
Comment: Not crossing beyond 62% ie: 8230, it seems like
wave (c) is still progressing,in that case the earlier
count will resume,for a target minimum 8080 length of
wave (a)

the bottom trend line is a crucial support around 8150.

Test
Mr. Padiyara, the counting of your wave i from the low 7916.40 is wrong. Secondly, according to me the whole formation from the low of 7916.40 to the high of 8274.95, to be precise, seems to be a double-complex correction. Please, go through my recent post on Nifty. The link to the same is provided below. Your views and comments are always welcomed. Regards...


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padiyaraa sgor1980
@sgor1980, Thank you for your guidance. I will definitely see the flaws & follies I as following in counting.
I am also keeping a similar alternate count, please look the blue labels in my chart, but i was giving preference to 123,
only like an impulse with in a correction move.

Thanks again
Reply
sgor1980 padiyaraa
@padiyaraa, Don't take me wrong, my intention was not to point towards the flaws, rather I was just trying to put up my point only. I feel sorry if I had used any wrong words...
Reply
padiyaraa sgor1980
@sgor1980, No mention :D
I was away& not at my dUsk now. Preparing for a small vacation.
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