Stocktechy

NIFTY Hourly wave count

NSE:NIFTY   Nifty 50 Index
453 2 7
Pease read note in the chart.
Comment: As it turns out #NIFTY took support at channel bottom. Possibly low of today is wave (b). However is the ow of today is broken tomorrow it would be almost certain that we have already made short term top at 8728 (as indicated in my daily chart published earlier) and are headed down.
Comment: Invalidated the count as NIFTY trades below 88600 and it now looks like short term top is already made.
C Wave takes longer time and most of the time its unpredictable to find if the C wave has been completed or not .... :(
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Stocktechy udaya.gujaran
Generally wave C is the Killer wave. But when wave A is swift then wave C becomes sluggish & unpredictable.
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