Balas282
Education

Nifty - Completely Education perspective

NSE:NIFTY   Nifty 50 Index
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4
447 5
Watch out move for next 7 days.
Comment: PM going to make movement fast ? Lets see in few minutes :)
Comment: I really wish if it could form wave V failure bcoz of uncertainity
Comment: Expect a fall down from current level 11500 to 11380 . I feel that wave 4 forming a triangle was Wave b of 4(Not labelled in chart) took less than time wave a. wave c of 4 is in progress. wave d and e will travel between 11480 to 11400.

11650 target still valid.
Comment:
Comment: I feel like last upward leg got 3 wave instead of 5 waves . so wave 4 still should be still in progress. Might be in triangle variation. if it is, wave B top should be more from 11670 to 11680 before that low should be made around 11300 . Its good not to be on short till 11180 met.
Comment: One more leg pending which might resisted at 11760
Sir ,

How much this up-move can go upto ?
Reply
Balas282 MAYA_MUMBAI
@MAYA_MUMBAI, Wave B already retraced almost 99% of A. It might get resisted over 11765 levels if it goes up. B should get completed tomorrow if it goes up. if move goes above 11800, then will post here.
+1 Reply
so probably its good to wait and watch for the next 2 or 3 weeks as suggested !
Reply
Balas282 MAYA_MUMBAI
@MAYA_MUMBAI, Yes bcoz ALT count is bullish. To be on short , its good to wait till 11180 and check if same price hit again post retracement move. will update idea further to have more precise time. Risky one can enter at retracements if it move below 11250. I believe wave 4 placement should act as dynamic resistance.
+1 Reply
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