AB=CD at 12798 for NIFTY.

NSE:NIFTY   Nifty 50 Index
This defined the 12798 area as critical short-term resistance. It is important to note that the stock reversed after the AB=CD completion point will test. Although the BC projection was an important calculation within the PRZ of the pattern, the completion of the equivalent AB=CD structure was the defining limit. The chart of the price action in the PRZ shows the near-perfect reversal just the PRZ at 12798 nearby expecting...

I outlined that important level is at 12798 and Terminal Bar will decide for reversal confirmation.

I have mixed use Breakdown + Elliott Modied Basic Rules...


can you calculate how much correction after 12796 ? so that i can buy put of 12800 on Diwali Murat day.( I am senior citizen )
+20 Reply
sell it let and post screen shot in your tweeter , Let people know you act what you believe
+1 Reply
Kinnari_Prajapati ShreeKrishna
@ShreeKrishna, They know very well about me... I don't need to prove anyone. yet thanks for your great suggestion.
+6 Reply
great mam ,its great place to get accurate analysis
Now a days technical analysis or fundamental analysis all are brain-raking fancy guess work. Nifty PE is above 30, where PE for any script of index above 25 is a screaming sell. Now there is huge liquid money ill-gotten through MF and that is managed by domestic fund managers. FII manipulated market but they did it for making profit, so there was a limit but our deshwali bhai log are now on a mission to erase that amount from the accounts of gullible middle-class greedy people who know nothing about share market yet want to earn high profit than FD. Mutual fund sahi hai!!! Until this liquid money is dried no TA or FA will work. There will be many wild guess, agar lag gaya to ....'maine bola tha na'...
@Upen1973, I've just one suggestion for you is only to check profile of the user and you will get truth about how technical analysis work on market if you have enough knowlage of it.
i will try
@dj1313, Thank you
Hi mam,
Can I know how many points will this take correction. please reply mam. this colud help me in exit . I have shorted main nifty at 11800 for dec fut. will this come down way til 11500. I am a handicap person , your anyalsis will help me .
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