NIFTY 50 IS NIFTY 50 IN START OF CORRECTIVE CYCLE A-B-C
Monthly chart of NIFTY 50 suggest Wave[ 5 ] is in place. Wave[ 1 ] starting since April 2005 have seen ended at the start of January 2008, thereby correcting NIFTY 50 more than 0.618% of Wave[ 1 ]. Since then Wave[ 3 ] is the top of pendemic emergence in January 2020 is greater than 1.618 of Wave[ 1 ]. Wave[ 4 ] corrected between 0.382 to 0.50 of Wave[ 3 ] and well above the end of Wave[ 1 ]. Wave[ 5 ] almost equal to greater than Wave[ 1 ].
Does a bearish price pattern under formation at the top indicates end of Wave[ 5 ] here? Is this a start of corrective pattern A-B-C to complete the wave cycle ? If Yes then Wave[ A ] is likely to be at 10500.00 to 11450.00 levels at 0.50 to 0.618 atleast of Wave[ 5 ]. This is just a view. Need to keep close Watch....
NIFTY 50 IS NIFTY 50 IN START OF CORRECTIVE CYCLE A-B-C
Monthly chart of NIFTY 50 suggest Wave5 is in place. Wave1 starting since April 2005 have seen ended at the start of January 2008, thereby correcting NIFTY 50 more than 0.618% of Wave1. Since then Wave3 is the top of pendemic emergence in January 2020 is greater than 1.618 of Wave1. Wave4 corrected between 0.382 to 0.50 of Wave3 and well above the end of Wave1. Wave5 almost equal to greater than Wave1.
Does a bearish price pattern under formation at the top indicates end of Wave5 here? Is this a start of corrective pattern A-B-C to complete the wave cycle ? If Yes then WaveA is likely to be at 10500.00 to 11450.00 levels at 0.50 to 0.618 atleast of Wave5. This is just a view. Need to keep close Watch....
Kakerot
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@NANARKAR, lmao, jiss din corona cases media stops blowing out of propertions as well as cases comes down nifty will go up, corna fall last year 2020 when nifty 12300 se 7000 hu i was not CORRECTION it was PANIC, aaj bhi panic he baki jisko jo samjhna samjho , i bought lakhs of shares in last year fall now they are all 400x especially indusind bank at 290 , i will recommend buy bhel at 44 it will spike as well
Monthly chart of NIFTY 50 suggest Wave5 is in place. Wave1 starting since April 2005 have seen ended at the start of January 2008, thereby correcting NIFTY 50 more than 0.618% of Wave1. Since then Wave3 is the top of pendemic emergence in January 2020 is greater than 1.618 of Wave1. Wave4 corrected between 0.382 to 0.50 of Wave3 and well above the end of Wave1. Wave5 almost equal to greater than Wave1.
Does a bearish price pattern under formation at the top indicates end of Wave5 here? Is this a start of corrective pattern A-B-C to complete the wave cycle ? If Yes then WaveA is likely to be at 10500.00 to 11450.00 levels at 0.50 to 0.618 atleast of Wave5. This is just a view. Need to keep close Watch....