Hello,
Its been a roller coaster ride since few days in the market.
Both Bears and bulls seems to be trapped one way or the other.
As of now lets see where we stand at the Waves count.
The Chart posted is self-Explanatory.
We might have completed or might complete the 4th wave around 16650 by 3rd June or 6th June.
After that we might start with the 5th Wave, and as of now...the band between 15650 - 15750 - seems very strong. And it might not break in coming days.
After this wave we might start going up....the last up wave of the bigger structure.
This might go up till 20500 and might well spill till next year.
This whole theory will be invalidated if Nifty starts trading below 15600.
Neo
Disc : Educational Purpose only
Its been a roller coaster ride since few days in the market.
Both Bears and bulls seems to be trapped one way or the other.
As of now lets see where we stand at the Waves count.
The Chart posted is self-Explanatory.
We might have completed or might complete the 4th wave around 16650 by 3rd June or 6th June.
After that we might start with the 5th Wave, and as of now...the band between 15650 - 15750 - seems very strong. And it might not break in coming days.
After this wave we might start going up....the last up wave of the bigger structure.
This might go up till 20500 and might well spill till next year.
This whole theory will be invalidated if Nifty starts trading below 15600.
Neo
Disc : Educational Purpose only