in weekly, wave C is going on.
in closure look, there are a lot much left of wave C.
wave B retraced 50% of wave A, so wave C should be extended. https://in.tradingview.com/x/fhP6sCaj/
Now counting the fractals of wave C shows that, sub wave going on.
https://in.tradingview.com/x/sFRaz3wS/
looking at the retracement levels it can plunge below 560 levels. So ...
Hi,
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. ...
Hi every One,
Bank nifty reached wave 3 target. From here i am expecting some consolidation move. Again next month trend will continue target around 21000
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
It is been observed that the price action trending up on daily chart and recently breaks out of downward correction channel on daily chart. Today, Nifty corrected on a big move but the price action in this doesn't change. Bulls are in control and dominance in current scenario. It has completed 8 Waves cycle and now moving onto a new impulse wave. It is a good time ...
As per Elliott Waves, it is been observed that the price action has completed 5 waves by reaching to 585 levels today. Wave 5 was counted as Extension of Extension Wave which made it the largest among rest waves. Now, it is a good time to look for a short opportunity. I believe a double top can be seen in few days which may act as a good opportunity to short. ...
It is been observed that ABC Zig Zag correction completed and Wave 1 and Wave 2 structured well that shows higher high. Now I observe that Wave 3 is in progress and it shall go upto 261 and retrace back to Wave 4 and then shall again move higher from 261 levels to make Wave 5. It is wise to buy after retracement or near Wave 4 levels.
As per technical pattern ...
