#NIFTY #ELLIOT WAVE ANALYSIS .......... This 1st preferred view of Nifty. The very next step of Nifty is towards the end of wave (iv) as the completion of "e" near 10500-600 lvl and than will complete the 5th impulse wave .
EW analysis in daily, shows that wave (iv) seems to be over, and wave (v) started.
Also price was in descending channel, then it broke out with good volume, that marked the completion of complex wave (iv) correction.
here 1st tgt - 595, i.e wave (iii) peak,
if wave (v) is getting extended, then we can see higher levels...
EW analysis shows it is in wave in longer time frame. Currently sub wave 5 of sub wave (3) of wave is going on here.
probable target for sub wave 5 comes around 140-150 levels.
long term tgts derived from fib projections are here,
in monthly, voltas is in wave 3.
if we check the fractals of wave 3, then we have 2 scenarios.
1st scenario - wave (iii) of of 3 going on.
2nd scenario - wave is going on. Here i considered mar - oct 2016 rise as 3 wave.
in either case, voltas got ew targets of 670+ , so every...
Looking at first glance, I can find that 1-2-3-4 Waves have been made and 5th is runnning. While The secondary waves has also been seen till yet. Expecting prices to trade higher till 5th wave near 92-93 and We can see Primary corrective trend A-B-C till 80 or levels
The stock of Ajanta Pharma has witnessed a long "Bull Run" since its low of 6.04 made on 9th April,2009, and looks like there still remain space for its bigger "Bull Run" in years to come than what has been witnessed untill date. It will be too early to predict the future price of it as of now. However, I have tried my level best placing possible...
As i mentioned yesterday Nifty didn't touch 9018 level, Nifty fell into the range bound for another couple of days.
As per Elliott wave count Nifty finish its 5 of 3rd wave and 4th wave would be Range bound. Target for this corrective wave is 8700 - 8692. Its very tight range we can enter BUY on those level to capture the final leg of this entire B wave i.e....
NIFTY approaching strong resistance zone 8975 - 9018, Wait and sell on 9018 level. If this level is not reached by today we can expect further correction upto 200 points.
Today is major GANN pressure date, today we can get reversal on 9018 level. If this not happen means wait for another one month upto APRIL.
But long term view market fell to 6725 with in...
Nifty approaching strong resistance zone @ 8975 - 9018. As per My elliott wave count b wave of entire corrective structure going to be end. Enter Short on Nifty target for c wave 6725 level.
Hi Every one,
Nifty trend should continue next month also but in near term there is two MEDIUM term trend lines are ahead. So i am expect possible TRUNCATED 5th wave. Next month target should be around 8900.
Possible reversal dates 10 or 14 FEB 2017