Always need to be careful when 5 waves of a midcap/small cap stocks are complete or for any other stock . In good stocks there will always be wave extensions for eg HUL / HDFC Bank etc . and these will be difficult to count . So in brief it u see a stock where u can count 5 waves clearly over lets sat 5-7 years that stock is doomed .
labelling done using following rules for impulse 1)wave 2 should not retrace wave 1 entirely 2)wave 3 cant be shortest 3)wave 4 cant enter wave 1(except diagonal) for flat with truncated wave c 1)wave b should at least retrace wave a by 80% 2)wave c should at least reach 61.8% extention of wave a. for zigzag with truncated wave c 1)wave b should not retrace...
We see: 0-1 Impulsive wave 1-2 Triangle correction wave 2-3 Impulsive wave 3-4 Correction 4-5 Ending Diagonal wave And the immediate fall
Explained in the chart
Described in the chart .
GABRIEL INDIA --> Daily chart Zig Zag patterns formation it look like GABRIEL INDIA CHART Zig Zag correction WAVE FORMATION WAVE A ]show yellow colour circle --> in inner wave 5 wave sturture .i am count 1,2,3,4,5 in black colour WAVE B show yellow colour circle --> in inner wave 3 wave sturture .i am count a,b,c in red colour WAVE C show...
Explained in the chart . Regards
Described in the chart .
Described in the chart . Wave 4 seems to be complete .
HDFC Bank is rife for a correction in a wave iv . Will it be a flat or a triangle . I vouch for a triangle
Described in the chart . Regards
Explained in the chart . Just buy the dip . Regards
Elliot wave is essentially a trend channel technique provided the counts are correct. Regards
If we see an impulse follow up bank nifty may correct viciously.
All described in the chart
w = ziz zag x= expanded flat y - triangle I think SBI is on the cusp of a good flight .