AJAYSHARMA

Triangle in wave iv position ?

NSE:NIFTY   Nifty 50 Index
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170 5
Expalined everything on the chart itself . Avoid taking any positions in Nifty now and wait for the triangle completion .
Yes. The chart is correct.
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The first 1-2-3 could be large A wave of triangle & D is completed. Last E is remaining and Nifty may shoot upwards after E.
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AJAYSHARMA vsarode2
@vsarode2, That could also be true. But check out the right look guideline . There is also an other scenario . This seems to be the most probable one. 9946 is a point of invalidation.
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AJAYSHARMA AJAYSHARMA
@AJAYSHARMA, Sharing a study post on 01/06/2017 Bosch -- Bullish triangle in wave 4 position . Its the latest chart with old labels of 01/06/2017 untouched for your perusal .
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Keep it up 👍
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