AJAYSHARMA

AJAYSHARMA

Nifty made a wave B and exactly retraced from the cloud bottom (SSB - Senkospan B)resistance . Earlier I assumed that wave A was incomplete as an LD So I sent my worst count. Now we have a clear Wave A as a leading diagonal . Now we need to brace ourselves for a shock. Regards

AJAYSHARMA

Its explained in the chart we could reach atleast 17350 (if not more on the downside) If the 4 point resistance trendline is not breached on the upside . Longs need to be careful .

AJAYSHARMA

It seems to be correcting in a wave iv of 2 lesser degrees . But since the wave iv is very sharp it seems to a just wave A of a very long time consuming triangle in the future . Where will this wave iv end , most probably it should be supported by the base channel . Kindly note this correction should not go beyond 0.618 .

AJAYSHARMA

It anyone knew about Elliott , we could have used Fibonacci divider to show us the the top. This was a perfect wave . Note how wave iv divided the entire wave into 0.618 : 0.382 ratio . A Fibonacci divider. Now just hope this wave should not be retraced by more than 0.618 percent . If it does the we can assume this was an extended wave 5 which will put a cap...

AJAYSHARMA

Shorters should be aware and cover their shorts at strong support level given on the chart . For people who want to go long should wait for reversal signals like hammer , morning star , bullish kicker etc which have become support in action at the levels indicated below for wave ((V)) journey

AJAYSHARMA

Profits should be booked . As it has almost completed 5 waves . More buying can be done when it goes beyond the levels shown in the chart . Regards

AJAYSHARMA

Explained in the chart . Leading diagonal in wave 1 will correct to max 23.6% - shallow correction - but it is a time correction .

AJAYSHARMA

Investors can sleep on the stock . It still has a legs to go to 100. Explained in the chart . Regards

AJAYSHARMA

Slowly and surely we are in an ending diagonal till it disapproves itself. 19200 is assured it seems we will see after that whether it was an ED or 1-2-1-2-3 . Regards

AJAYSHARMA

(1) Wave (iii) is a wave with a 1st wave extension . It has corrected by wave iv till 38.2% . Wave iv has corrected to wave ii of one lesser degree as per Elliott guide line regarding depth of corrective waves . (2)See the alteration between wave (ii) - Flat and wave (iv) - Zig Zag . Long with with SL of 3450 as today a close above 3519 will complete a bullish...

AJAYSHARMA

(1) Wave (iii) is a wave with a 1st wave extension . It has corrected by wave iv till 38.2% . Wave iv has corrected to wave ii of one lesser degree as per Elliott guide line regarding depth of corrective waves . (2)See the alteration between wave (ii) - Flat and wave (iv) - Zig Zag . (3) Also see the weekly hammer . (4) As per Neo wave guideline a corrective wave...

AJAYSHARMA

Lets see if it breaks the channel on the upside .Regards

AJAYSHARMA

Mindtree will correct more as per log scale . as shown .

AJAYSHARMA

Asian Paints is correcting in wave iv (of many times lower degree - means its in a wave 3 of many higher degrees) . It would be a screeching buy at at 2500 levels irrespective of the fact what Grasim does . Wait for that buy point . But at present short . Regards

AJAYSHARMA

TCS is correcting in wave iv . Kindly see 38.2% correction is pending on log scale and not on arithmetic scale. This 38.2% would only be price correction . It might be wave A of a triangle . Whenever a corrective structure is completed it will be retraced by more than 0.618% for wave B of a flat or a triangle. Regards

AJAYSHARMA

Dragon fly doji / Best Hammer .Will it be confirmed on Wednesday . Regards

AJAYSHARMA

Will this pattern work by confirmation on Wednesday . Regards

AJAYSHARMA

Explained in the chart . Good chances of ABC . 2nd best 1-2-3 . Remote chance its a wave C . Regards