9k is possible. and other thing is by the time corection takes place, the red line will move up..
lets see what it does at 9700 to 9800
AJAYSHARMA
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It doubt it . Because the current eave starts frm 6937. Ur earlier circle is the mother wave . We are in the great grand son of the mother wave.
AmitDabade
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@AJAYSHARMA, will have to wait for confirmation.. once last lower low is broken that will be a confirmation
AJAYSHARMA
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@AmitDabade, I said that because I look at waves . If grandmother channel is broken . Its a highway to hell .
AmitDabade
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@AJAYSHARMA, I know and I agree with you :) I'll wait for confirmation of lower low. Between just to add something else, Nifty made a high in Jan '18 then a low in Mar '18, recently a lower high, What's next (lower low), may be may be not?
theshamik
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@AmitDabade, History dont support your statement..in dowjones and nasdaq from 1982 till 1999 oct there are so many times lower high was formed for short term but then journey continued..also lot of times 200 DMA was crossed down stayed there but again up journey started.. even in nifty i can see lower high formed in journey from 6900
lets see what it does at 9700 to 9800