All described in the chart.
Rest explained in the chart
Rest described in the chart . Wait for price action to confirm before u enter .
Potential move explained in the chart .
Bank Nifty may have started a megawave iii. Do not short . Buy on dips
Buy the gap down on Monday as close as possible 9957 . for a better RR. The degrees of a wave Highest degree : Minuette level . Nifty has completed one full impulse at minuette level from 9696 to 10075 . Rising from a truncated 5th . Which itself is very bullish . Higher degree : It has completed another five wave impulse at subminuette of wave i consisting...
All description in the chart , A break of the parable trend channel of the abc will signal the decline.
All description in the chart . Regards
Wave C of the triangle ended as expected . A 0.618 extension of wave 1 to 3 extended from 4 . Rest is explained in the chart . The triangle scenario is taking a pretty good form . SL is placed at a few points above 9926 .
Whether its an ABC of a flat or a new impulse . One wave has still to go. Since it is a wave iv it will take sometime to develop . May fructify in Sep series .
All explained in the chart itself.
Expalined everything on the chart itself . Avoid taking any positions in Nifty now and wait for the triangle completion .
Its a daily . Infy may move down to 1 :1 level but with its pull backs which will be shorting opportunities.
Nifty seems to be completing wave 5 of a . Only way the highlighted scenario fails is if nifty does not break 9650 . Then the wave iv actually becomes an impulse wave 1 . This seems unlikely . If 9650 is broken cover the shorts . And then short the b wave again .