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DhirajSinghBais
Apr 28, 2020 2:24 AM

NIFTY TRADE PLAN: 28 APR 20 ONWARDS 

Nifty 50 IndexNSE

Description

Dont get surprised by the market move. Presenting two possibilities which elliottwave suggest...

Caught the "EXACT BOTTOM"



followup trades






Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"

Happy Trading
Jai Hind
Dhiraj Singh Bais
Warrior @ Battle field
Comments
Trader_Nirmal
Sirji, very helpful post.
DhirajSinghBais
@Nirmal_7056660000, thnx
DhirajSinghBais
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SarishaS
super
DhirajSinghBais
@SarishaS, thnx
anshul2286
Hi, your analysis is really informative.

I have a question in 75 min chart, can wave (iii) of C be the shortest among impulses? I understand it is in an ending diagonal but can we still have the third wave as shortest?
DhirajSinghBais
@anshul2286, time frame doesn't matters, in no case wave 3 can be the shortest one. Now, in ending diagonal w 3 can be short compared to w 1, but it cant be shorter than w5 as w3 is already shorter than w1, which violates the rule. Simply you can put it like this w1>w3>=w5 in which w5 is the shortest (ie contracting ending diagonal). Rare pattern of this is expanding one, for which w1<w3<w5 in which w1 is the shortest. If it does goes beyond these rules, needs to relabel it.
anshul2286
@DhirajSinghBais, thanks for elaborating. Addresses my query and concern with the above labeling. I am sharing an alternate count in a message to you.
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