as you can see the chart it has completed its 7 waves and now it may show a big fall
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below 153 it looks very weak
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keep stoploss and trail it if you are going to short this....
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thanks..
last i gave the trade of 300 points after the breakdown of triangle
you can see the 5 movement of nifty which were impulsive and now it is in corrective 8th wave
and it has also formed a triangle after breakdown we can see here a good fall
thanks.....
Elliot wave formation with top head and shoulder .
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it is making 8th wave according to Elliot wave theory
sell @145
target will be our next support which is...
now in 8th wave of Elliot and made ahead and shoulder pattern at top .
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if it breaches itss neck line @ 145
then sell it below 145 for target - 135 which if next support for manappuran
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