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Trade-Technique
Aug 25, 2021 4:40 AM

The price is under Wave (iii) and High expected! 

Nifty 50 IndexNSE

Description

Nifty can climb for the new high and the price is trading under the wave (iii). The 16593 is important to level for the long positional traders.

The closing 16701 above can boost the price new high for you. We can see more upside gaps. Note: I don't expect the price of 16593 below.

Comment

I hope, you enjoyed analysis

Trade closed: target reached

Trade achieved target.
Comments
akhil2fast
Hello
Thanx for ur analysis I was checking the 1 hour chart do u think double top has been formed ????

Best regards
ShreeKrishna
The Method of Wave Counting or Method of Proven system ( Hypothesis) is follows as i have attached link here
Try to learn if possible

ShreeKrishna
@ShreeKrishna, Wave 3 is again the Longest , and wave 4 apply Law of alteration , and visual representation of both Momentum stroke length and Corrective stroke length should meet relatively
ShilpaT
@ShreeKrishna, How can i learn wave analysis, any simplified video tutorial u can point to? Thanks
Trade-Technique
@ShilpaT, yes sure.
ShilpaT
@ShreeKrishna, Where is the link?
ShreeKrishna
@ShilpaT, The image link as i have attached , if you need Elliott wave Principle please Google it and its free to download
Poison_1907
@ShreeKrishna, why are you so arrogant
ShreeKrishna
@Poison_1907, its You who is arrogant , Not me
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