Hello Everyone This is an update from our previous forecast and currently we are making a correction of wave-4 which is an flat structure. In which we have completed ((a)) and ((b)) and progressing for wave((c)). After this bank nifty should fall. Originally we forecast this In this below we have indicated that we are in currently wave D...
ELLIOTT WAVE IN NIFTY50. DAILY TIME FRAME
Trend Analysis & Wave Counting !! Follow Chart Instruction. Invalidation Point for (4) th wave Completion is 188.75. Hence we can Buy in deep near 195-200 range by taking stop below 188.75
SBIN has just missed its 4th wave by 4 points to make its ED or wedge invalid. So, till now, it is safe to say SBIN will move towards 313/15 in three wave move for a fall. This will be again invalid if it moves further 316, but still it will be a reversal point for another two reasons= 1. Formation of a triangle 2. Major support at 315/16 level