AJAYSHARMA

All described in the chart

All described in the chart

All Described in the chart

Descried in the chart

Take a note of alteration in wave 2(flat) and wave 4 (zz) .

I am working on an ABC move with wave B as a triangle as the most probable count . As per this count we are in a wave 4 of C . The current wave 4 should hold the channel it is correcting and then go for the final wave 5 for 10600 app . to end the ABC ziz zag . It wave 4 does not hold the channel and breaks it convincingly then and impulsive count comes into play ...

Described in the chart

Explained in the chart

Explained in the chart

HDFC Bank is rife for a correction in a wave iv . Will it be a flat or a triangle . I vouch for a triangle

United Brew is in a multi month post triangle thrust . It has just completed one impulse out of the multi month triangle . Now it is correcting that wave 1 . The red channel should be broken and prices should turn around from the previous wave 4 of one lesser degree around 905 and then go up in a massive wave 3 up which should be breath taking .

Described in the chart .

Described in the chart .

Some description given in the chart. I call it the Elliott Trend Channel Cross.

Middle line is giving resistance . We nay still be in a wave ((4))

This is just an example . Like many Midcaps this midcap ran a wave 3 from Rs 5(2013) to Rs 409 (2018) . Now it is correcting in a wave iv which should end at Rs 84 , when wave iv breaks the channel of wave iii and ends at a previous wave iv of one lesser degree . Now consider this . If the Elliott Channel is held then the labeling changes . It will augur an ...

Right now we may be in an X wave which is looking like a flat . With wave C of the flat pending . It should be impulsive and should hit the upper pink trend channel . And a close above 11080 would signal the end of the correction other wise expect another ziz zag down.

A close below 10550 would put this scenario on shaky ground . In that case we can expect Nifty to correct to below 10400 levels for a wave ii and then resume a wave iii. Correction from 8972 to 7903 in 2016 which was a wave 2 was a simple ziz zag . So by guideline of alteration we should expect a triangle or a combination i.e sideways correction for wave 4 . So ...