Voltas EWT, Weekly TF. & Hourly TF.Elliott Wave footstep for Voltas:
Validation:
W2 & W3 corrective
W2 retraced at 50% exact
W3, price extended 161% compare to W1.
The Corrective W4 traveled in rage between 38.2 and 50%.
W5 exactly was normal.
The price is under the waves a,b, and c correction.
Support 408, can push price up-to 492 and 530+ for corrective wave 'b'.
1 hour chart:
Loot up "EW Theory" for hourly TF.
398-408 is target for short sellers
Support 400 nearby to push price upside 458 nearby.
Search in ideas for "ELLIOT"
elliot wave analysis on nifty through my lensesElliot wave Analysis Through my Lenses
Elliot waves is at its best....
i have posted 3 hour and 1 hour chart of nifty ...those who are interested in elliot wave may take a look at the wave counts.
rest can leave it like that...IF TOP IS 11171 then we are going to see a bear market from here .. if not nifty will fight back soon... But at the moment bears are in total control ....
even dow/nasdaq and other indices are in positive mode...
nifty /sensex/banknifty and all other sectors are totally weak today.....
i want to share one more interested thing to u guys that is ....
i have been tracking FII/FPI and DII's activity and first time after so many days i hv noticed that on 5th march 2018
FII/FPI are net seller of 366.6 crores in cash..and DII are also net sellers of 154.2 crores..
after watching this i am very much convinced yesterday that we are going to fall if they (FII/DII ) will be net sellers ...
and guess what FII are net buyers today (620.08 cr) and DII
are net sellers (743.33 cr)... that means DII wins the battle today will se what is coming next ... the post is very lenghty but i guess will be very informative.....
thank u all please like and share your views as well ...