joel-vg
Long

WAVE ANALYSIS 15 MINUTE CHART

NSE:NIFTY   Nifty 50 Index
148 views
4
148 9
It appears wave 2 was very deep , so we should expect a shallow wave 4 which should not go below 10,320 (ideally not below 10,370) which is 38 % of wave 3

let us see tomorrow's movement & comment

Critics welcome
Comment:
Comment:
Comment: Today's Big Question is whether Wave 4 is complete here or can it fall to 10,370

Tomorrow's open will definitely give the clue !!
Comment:
Comment:
The c.4 has underwent into a complex correction. I think one sharp impulsive to make c.5 is still pending and shall dip towards 10370.
Another possibility - A Double bottom formed above 10400 today. It looks like a 'd' and 'e' pending.
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joel-vg rajivghosalkar
Reply
joel-vg rajivghosalkar
@rajivghosalkar,

The sharp upmove today and relatively coming closer to wave 1 - almost looks like the wave c is over , but cant say correction is fully over , however taking a mild risk @ 50 % retracement
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joel-vg rajivghosalkar
@rajivghosalkar, i suspect the last upmove to go as an ending diagonal pattern
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joel-vg rajivghosalkar
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sir, greetings if so, what could b depth og wave 4 to 5, and time taken for same .
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joel-vg vikasseth
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@joel-vg,
Hi I have published my view today. Appreciate if you can have a look into it.
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