as you can see the chart it has completed its 7 waves and now it may show a big fall ---------------------------------------------------------------------------------------------------------------- below 153 it looks very weak -------------------------------------------- keep stoploss and trail it if you are going to short this.... ------------- 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.....
if it breaks upper lvl 15062 then it may give 200 points more and then it may fall. lets see what happens i will update if something changes .
Elliot wave formation with top head and shoulder . ------------------------------------------------------------------ ______________________________________________________________ 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 . ------------------------------------- ________________________________________________________________ if it breaches itss neck line @ 145 then sell it below 145 for target - 135 which if next support for manappuran _______________________________________________________________