Nifty : Probable Correction On Completion of Top at 'D'

NSE:NIFTY   Nifty 50 Index
Dear All , Nifty is Forming A Channel from Last 4 Months And By Following the Channel And Applying Wave Theory on It , We can find that A Correction is Likely to be Seen Here . On Second Chart of Nifty , The Price is Resisting Near the Upper Band which indicates A Correction in Near Term ... So Better to Wait for A Correction And Buy Good Mid-Caps And Small-Caps on 20-30% Discount ... Strategy for Nifty is :

" Short At 10,775 For T1 : 10656 , T2 : 10504 T3 : 10440 With SL At 10850 "

Please Consult Any Technical Advisor Before Making Any Position ... Good Luck !!!
Jan 15
Trade active: Fell After Touching Mentioned Levels ... Open Interest is Rising while Nifty is trading in Discount ... Best Opportunity for A Corrective Move ... All Followers , Get Ready ... :)
Jan 15
Trade active: Formed the Top ... Time for A Correction ... :)
Jan 16
Trade active: As Indicated Earlier , Nifty formed A Top and Correcting as well ... Better to Avoid Fresh Entry ... :)
Jan 17
Trade active: Carrying the Stop-Loss at 10838 Levels And Still Nifty is in Corrective mood ... Rising Wedge Pattern is Obtained from Daily Charts ...
Jan 23
Trade closed manually
Jan 25
Comment: We are still in Wave 'C' . No One Knows the End of this Volatility ... Let's See :)
Feb 03
Trade active: Top Completed ... Correction Ahead :I
Mar 10
Trade closed: target reached: 10300 Reached .. :D :D :D
slightly differ on the markings... Current rally is still C
Thank You
Yes from 10840 it will give reversal
Wonderful analysis.
Now it has fallen before reaching 10775, so what do you think it will bounce back to 10775 then fall or else it will make a downward trend from here only.
kbmj kumarguddu2353
@kumarguddu2353, Thank You ... A Fall is expected ... :)
i thought we are in C wave from the move that stated at 9700 levels

kbmj Parasuram
@Parasuram, Yes Sir ... That would be Another Way to Analyse ... It is Only An Educational Analysis Only , Please Consult Any Advisor before Making Any Position ... :)
@kbmj, i donot consult! i hear others point of view! i do trading on my own trading system
kbmj Parasuram
@Parasuram, Ok Sir ... Have A Great Trading Week ... :)
it's a drangonfly doji..
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