Nifty is entering in the very crucial range(10900-11200), and how it going to behave in this consolidation range is going to plot the further trace about it. But as of now, there is a clear wave pattern formation is visible on the charts correction is still pending according to Elliot Wave theory, whether it is for the 10-year long bull run(Target around...
Nifty index, has formed a bearish correction wave after the completion of the impulse wave that started at the end of the 2008 Crisis, pushing equities higher and higher.
NIFTY looks to make lows at 9800 or even drift lower as time passes.
With elections around the corner, it doesn't seem that impossible either.
SO, keep your positions light and breezy in the...
Price has been in a very good downtrend but price can't go forever in a single direction it has to get the volatility to again proceed in the original direction.
I've been looking for a short term long in this pair and this might be the time for that buy..
We are long (bullish) and short (bearish) depending on how stock moves - bearish scenario has already played its role.
As suggested in the profile update just few mins back - holding above 805 - we are bullish on the stock for higher targets 815 -above 815 for 822 and 830-835 zone where we take rest.
Exciting to see 805 and 815 acting as good...
1. Diagonal triangle forming in 5th wave of terminal impulse
2. Wave 5 is a diagonal triangle and currently in e wave formation which is longest of all the waves
3. E wave of Wave 5 is a triple combination correction ( as per elliott waves) with last combination being a triangle formation ( wave b) in progress
4. The entire wave is a segment of triangle and not...
Do check the 1st part as mentioned below
800 -Selling The Tops - Click the Video Idea
Targets Below 800
Below 760 -745 - If the action is severe then target shall get extended to 730-735 zone only below 740-745 zone - Any move later...