simple logic based on pitch fork.
Of course I can explain it in other way but I am sticking to pitch fork
first it has taken U turn from the (mentioned in one of the chart attached here ) and violated the UML.
after violating it fell back to UML on Thursday please see my chart of Thursday evening.
Had it violates the UML I would have been skeptical about this rally.
now yesterday this steep rally ? what is this rally?
this is third wave of the ultimate 5 the of the whole rally of nifty from last year. I was little confused earlier and though 1 st wave as third wave.
This is not the time to go short.
Look for my targets shown in the chart (at least)
In the past I had posted so many stock ideas and index ideas which had achieved more than 90 percent accuracy.
don't forget to like my post, follow me to get updates. please go through attached charts.
please go through my previous charts of tata motors ,SAIL. infosys . tatasteel,and many more where I had predicted accurately
their movement and targets.
Once Index 'touches' Target 4 (15314), do you see a
1) Huge Reversal(till around 14500)
2) A minor pull back may be till 15170 / 15124 / 15050 and later to continue upward momentum
3) Possibility of index touching 15400/15430 in the near term (as in current expiry, perhaps Target 5)
This may be too much right now, but going by your wave count now, do you see index potentially reaching 17300 at the culmination of Wave 5.
Thanks in advance. Good day.
Hope for another one stock suggestions from you...