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joel-vg
Jan 1, 2018 2:20 PM

WAVE ANALYSIS 15 MINUTE CHART Long

Nifty 50 IndexNSE

Description

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

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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 !!

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Comments
rajivghosalkar
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.
joel-vg
joel-vg
@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
joel-vg
@rajivghosalkar, i suspect the last upmove to go as an ending diagonal pattern
joel-vg
vikasseth
sir, greetings if so, what could b depth og wave 4 to 5, and time taken for same .
joel-vg
rajivghosalkar
@joel-vg,
Hi I have published my view today. Appreciate if you can have a look into it.
rajivghosalkar
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