hemanthProTrader

[Alert!] Nifty will go down to 5343

Short
NSE:NIFTY   Nifty 50 Index
There will be short term bullish move up to 9651, after the fresh fall will start and nifty will reach 5343

Comments

With all due respect, your assessment contradicts the principles of EWT like, Wave 4 never enters the price territory of Wave 1 however in this chart it is and wave 2 never goes to the start point of wave 1.
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dnahar rocky83
@rocky83, wave 4 is nowhere near wave 1...wave 2 has not passed wave 1...wave 3 is not the shortest...final confirmation is the downtrend should resume soon...this looks like a perfect ewt to be..
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the trend retracement/reactionary wave is usually a corrective mode wave, isnt it?? then it should have just 3 waves right??
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Hi @hemanthProTrader, how did you map 5343 as the bottom?
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hemanthProTrader Trade_Like_Chameleon
@Trade_Like_Chameleon, its a fibonnaci measurement level
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Trade_Like_Chameleon hemanthProTrader
@hemanthProTrader, Naice. Thanks
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do you see possibility of wave 4 ending already at 9120? and we will see downside straightaway from next week?
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@dixitnahar, yes it will end at 9120, but not sure whether downside will begin by next week, it might take some time.
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hemanthProTrader hemanthProTrader
@hemanthProTrader, it will reverse from 9651, not 9120
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chandwaney hemanthProTrader
@hemanthProTrader, it wont reach that far, lockdown extended to april 30, so nifty will start falling rightaway
Reply
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