AJAYSHARMA

Described in the chart . Regards

Described in the chart .

Explained in the chart

Nifty seems to be making a triangle in wave 4 since it is not giving a clear cut impulsive decline. The triangle still has to make waves d and e so it is not complete . If we dont see an impulsive decline that first breaks the red trendline and then the end of wave A then a triangle is confirmed . If broken then we may see an impulsive decline . Regards.

. In here we are dealing with larger degree wave 5 in detail.

Explained in the chart regards . But its a good buy for a trader .

C is an impulse . This normally happens when wave B is a triangle . Regards

See the sharp move after completing of of the ED . Regards

Explained in the chart . Regards

Described in the chart

Let the price action prove it . Regards

Described in the chart . Regards

Explained in the chart . Regards

Described in the chart .

Explained in the chart . Just buy the dip . Regards

Expecting a small pullback in form of wave iv of lesser degree before the extended wave 3 resumes again . Wave count Elliott channel Fibonacci all have to be in sync if the wave count is to be a high probability correct count .

Elliot wave is essentially a trend channel technique provided the counts are correct. Regards

The bottom does not seem to be there in the counter . It will start looking really scary if it starts going below 134 levels as then the decline would become impulsive rather that completion of ABC .