Neo Wave
Bank nifty Intraday Update for 03-01-2021As you can see on chart we have completed wave (3)
After that we are in correction zone of wave (4), in which we are going from point A to Point B
Most like point B or wave B is near completion after that you will see a sideways move which i represent on chart as point C
Nifty Intraday Update for 04-01-2020As you can see on chart we have completed wave (3)
After that we are in correction zone of wave (4), in which we are going from point A to Point B
Most like point B or wave B is near completion after that you will see a sideways move which i represent on chart as point C
Nifty : Upmove is near completion. Downtrend to 10800 or further
Since March 24, 2020 Nifty had begun its D wave of a NEUTRAL TRIANGLE (a special type of NeoWave pattern). This D wave has formed a Bow-Tie Diametric pattern.
All calculations are marked in the chart.
As G wave of a diametric pattern tends to equal A wave, the possible culmination of this wave is very near at 13100 levels and E wave of the NEUTRAL TRIANGLE pattern will soon commence.
Second possibility of D wave completion is a Trendline resistance of 12800-12900 levels. In this case we may a fall in Nifty from 12 Nov 2020.
As E wave of this NEUTRAL TRIANGLE will traverse below 10800 before Jan 2021 .
Investors can invest to build a good equity portfolio during this fall.
Wish you all a very Happy Diwali and Happy Investing.
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Nifty : Completed the Diametric Pattern Nifty has completed the Diametric Pattern as per NeoWave analysis.
Nifty has also completed retracement of 61.8% of the entire fall which started on Jan 20, 2020.
The daily chart shows a reversal warning with an Engulfing Bearish Pattern.
Any fall below 10000 will show very strong bearish moves in Nifty.
Thus B wave of the correction seems complete and we should tighten our seat belts for an eventful C wave.
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Nifty 50 Elliott Wave Perspective ( whole idea together )Tried to fix my mistake and did all in 1 time
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Nifty 50 Part2 Elliott WAVE PerspectiveI made a mistake and put the first part to the American part so please watch the first part by clicking to the link below...
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