AJAYSHARMA

AJAYSHARMA

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 .

AJAYSHARMA

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 .

AJAYSHARMA

All explained in the chart itself.

AJAYSHARMA

Expalined everything on the chart itself . Avoid taking any positions in Nifty now and wait for the triangle completion .

AJAYSHARMA

Its a daily . Infy may move down to 1 :1 level but with its pull backs which will be shorting opportunities.

AJAYSHARMA

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 .

AJAYSHARMA

After the end of an Ending diagonal (in this case an expanding ending diagonal) . The correction is sharp and swift. And often ends at the starting of the diagonals The current correction can be ABC finishing at ((3))(we still have to reach here ) or we are yet to complete the wave 5 of A . But any breach of 9445 – 9450 may see a free fall.

AJAYSHARMA

There are degrees of Elliott Waves starting downwards. I am giving the relevant ones 1. Cycle I 2. Primary ((1)) 3. Intermediate (1) 4. Minor 1 5. Minute ((i)) 6. Minuttee (i) 7. Sub minutte i ii iii iv v 8. Micro ((1)) 9. Sub micro (1) 10. Minuscule 1 ** (( )) means circled. Here we are looking at the completion of sub minutte iii and start...

AJAYSHARMA

There are degrees of Elliott Waves starting downwards. I am giving the relevant ones 1. Cycle I 2. Primary ((1)) 3. Intermediate (1) 4. Minor 1 5. Minute ((i)) 6. Minuttee (i) 7. Sub minutte i ii iii iv v 8. Micro ((1)) 9. Sub micro (1) 10. Minuscule 1 ** (( )) means circled. Here we are looking at the completion of sub minutte iii and start...

AJAYSHARMA

A = C . The last movement has given a completed 5 wave impulse . Will it correct for 2 or ((C)) . Dont know . 8960 seems to be the key level . But be careful on the long side for now.

AJAYSHARMA

1. It is a monthly chart . 2. The scrip moved above the 1.618 projection in minor wave 3 projection of 222 . So the next stop on its journey is 2.618 extension i.e 307 .With resistance at 245 . 3. It is in the zone of 3 of (3) of ((3)) at 2 degrees higher . 4. Highest RSI in over bought zone proves point 3. So the following can be concluded a. For people not...

AJAYSHARMA

Why did it fall because the 5 wave impulse was complete . I have not shown the Elliott channel it would be cluttering . But it sticks to the Elliot channel. Shorting a bull market is not good. So a buy at 283 (preferable) or at 250 ( u may not get). I have observed that ABC after wave 5 is always bought into . So wave 5 in an impulse or a correction has been truncated

AJAYSHARMA

Seeing the last wave ACTION. Is there a running flat in making for PNB. Let it close above 160 . Wait for pullback to sustain 150 . But very shrt termers can trade for 160 . This is a position call 4 260 levels . It will take time.

AJAYSHARMA

We know there was a 7 (3+4) wave move down . And we had a Leading diagonal . Rest is a traders dilemma . I have never posted alternate counts . They are stop loss scenarios and a relook after some price action . I am posting it now . Can anyone make a head or tail of the alternate count ? And how to trade it ? I have not posted RSI , Jap Candles and trendlines ....

AJAYSHARMA

A flat is a 3-3-5 corrective structure . Normally it is zizzag - zigzag-impulse or ED . But in rare cases it becomes flat - expanded flat- impulse or ED . Since flat is also a-b-c (3 wave corrective structure) So in our structure wave a - a simple flat wave b - an expanded flat wave c - expected to be sharp impulse It also represents a time correction and...

AJAYSHARMA

Completed primary wave 3 and now starting primary wave 4 down .

AJAYSHARMA

According to me this is the most optimistic scenario of Nifty .

AJAYSHARMA

I am enclosing the zoom in of the wave C . It has an extended C wave . It is running the final v wave