From 13596 wave (i), (ii) and (iii) is completed at 13773, 13778 and 15257. there is a confusion if wave (3) or (5) is completed at 15257 so we have to depend on the breakeven point which is coming at 14692. So 14908-14692 will be support range as of now but if nifty trades below 14692 then its a negative sign.
What is now .Nifty made a new high at 15300 . It means wave3 is still in continuation .Target not known .We are watching. Keep in touch sir . Thx
JagdishKumarPahuja
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I understand that 15257 is 3 wave if it does not surpass . Wave 4 correction may may up to 38 %of wave 3. starting from 13778.
Thus wave 5 still have to unfold once wave 4 is completed.
sir , Your analysis are simple , clear & with logic. How do you do. Do have any software or have acquired the art of wave count.
Help me also to label wave count . I am always uncertain. How can I consult you . Any contact or WhatsApp no if can be shared. Even email address can be ok .
@chirag_Khasiya,
Twitter is ok for short messages .
I will try .
I want a thumb rule to label wave count on daily period .When does it change . Is it when breaks previous low or counting a fractal of 5 candles
JagdishKumarPahuja
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Can it be on WhatsApp . Mine no is 9350315768
pallasena
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In any case at least the impulsive advance from the Sep low is heavily weighted towards an identifiable correction rather than a prolonged upside extension, so look more for a downside for more gains
pallasena
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Valid Doubt. From a very short wave perspective, the nature of the initial wave down from the 15257 needs to be studied. From Fibo perspective if the Nifty exceeds and closes 15210 then consider another high being possible. But if on the downside if it breaks the low of yesterday at 15064, then keep a bearish outlook and look for a five wave series evolution .