joel-vg
Long

The possibilities ahead in Nifty

NSE:NIFTY   Nifty 50 Index
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Yesterday i had clearly advised to buy Nifty on dips with SL of 10,400

The link to yesterdays chart is the following -

Now there are 2 Elliott wave possibilities

1) It can go as an ABC pattern

2) It can also go as wave 12345 pattern

If it is going as an ABC pattern , where A & Wave B is presently completed - Then the ideal Target should be around 11,000

If it is going as an 1,2,3,4,5 pattern , where 1,2,3,4 is completed - Then wave 5 should ideally end around 10,700

All critics and sharing of ideas are welcome !!!

Comments

its Just a sample today i have posted in Twitter
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joel-vg I-Fund-Trader
@I-Fund-Trader,

Thanks for the alternative possibilities , I appreciate your views..
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