Probability : wave 3 if ((iv)) completed.
Suppose to (a), (b) and (c) correction. We'll be ready for correction wave (c) 260 at 0.382 and at 307.
Lower TF is more recognize the clean and clear the corrective pattern. I suggest working on 4hrs or 6hrs TF.
Let me know if you want me to work on lower at TF in the comment section.
Britannia after giving good profits from the first trade shared, is now again giving a good entry point around 3440-3410 levels and shall make high of 3650+/-. Idea is invalid below 3495/-
Nifty and BankNifty are in wave 5 of (3). Wave i of 5 was completed. Use wave ii correction to go long.
Projected level: 16050-100 and 36000-36100.
BankNifty
A Leading diagonal I call popat pattern becoz it will mike a popat of all buyers and sellers . But when the pattern has made finishing making a popat of everyone one It will launch a massive wave 3. Regards
Nifty Elliot Impulse Wave Analysis:
Expected Nifty Long Term Target for Next Wave as below:
1) Nifty will retest the level of 15,450 from 16,300 around.
2) Long term target is 20,400 before major correction. This correction will decide the next trend of Nifty.
3) Expected correction points at this level is around 4,000.
4) Prior to long term target of...
The price is under the (iii) wave and I already updated in my status yesterday to take a long position in nifty. Still, you can check my status.
The Wave (iii) of wave ((v)) will be over soon and we can see fall shortly for wave (v) of wave ((v)). We can use retracement and correction patterns for identifying the wave (iv).
Let's move to determine sub-waves of...
After a considerable correction as a running flat , TechM is ready to break the recent high to trade above the all time highs in the uncharted territory. The correction was assumed as a fourth wave correction & the current rise can be considered as the fifth wave.
Trading strategy:
Buy techm with sl of 1020 for tgt of 1140-50.
