The ferocious Wave (a) completed at 7610 from 12080 for 21 days, now the recovery wave(b) under process in ABCDE pattern, if tomorrow closing more than 9134 (trend line resistance 9200) we have more uptrend. So watch for tomorrow(Monday 13th april) and trade accordingly Our final target will be 50% of the total fall(9845 on april 24th)
Alternate count: In case if nifty closes above 9200 on april 15th, next day nifty will rise to 9845 or more than 61% of the fall 10372.
@selvamgeetha Good Analysis, as per above if it is uptrend reaching of 9800+ depending on 9200 crossover,but the other chart of urs says first 8300 and then 9800 right? So till there is room for 9800 or it will touch 8300 first?
amansingh726
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can you please teach me EW theory? or can you suggest the source to learn it effectively?