Ajayadav

Ajayadav

Till now we were considering the ongoing correction in Nifty from 18265 is flat... But yesterday's move indicates that was a tripple three or tripple zig zag correction... Rest is shown in the chart

Ajayadav

It looks like Bank Nifty has completed the correction in wxy from 43425 as shown in the chart... Now since wave y has completed retraced more than 38% hold the levels, we can expect a decent upmove from here after a slight correction...

Ajayadav

Today's fall was steep and deep which indicates it's an impulsive and moved as predicted. Therefore we can assume that nifty has completed wave C in five sub division and Now nifty may move upward which may be impulsive or corrective both are possible... If Nifty breaks 18110 in 5 sub divisions or in Gap up and holds for 15 minutes than it will move upside...

Ajayadav

It looks like bank nifty also completed A& B of ABC pattern and now C will Start.... Rest in the Chart

Ajayadav

As we can se Nifty is in correction of previous abc pattern...... Further, it has completed A & B of corrective pattern...now it will start C which could end around 17970...

Ajayadav

Bank has completed wave three Now it in wave 4....since wave 2 was sharp and deep therefore, wave 4 would be side ways and seems to form a Traiangle... Stock may consolide here for some time.....

Ajayadav

It seems that Trident has completed a Flat 3-3-5 correction with wave 5 of C ended in ED.... Now it has started new Impulse or give a corrective wave B..... So it can be bought from here or on dips, as if it will cross 41 we can see immidiate Targets of 57-60.

Ajayadav

It looks like Tata steel has completed double Zig Zag correction and now it's new impulse if it's not a tripple correction......as of now we will consider it a new Impulse as we can see wave 1 have of new impulse is of 5 sub divisions. However it may also be A.... and 2 did in the form of wxy and started wave 3 or C..... Tgts shown on the charts

Ajayadav

Looking the chart it seems that it had completed internal wave a&b of corrective wave B and now making wave C which should go beyond 163... Therefore it can be longer for Minimumm target of 163.

Ajayadav

Britania is propagating in wave 3 of higher degree.... In the lower degree it has completed wave 3 and may or may not have completed wave 4 as it has retraced only 23.6% and bonced back.... Now it had not completed wave 4 than it may move up from here upto 4525 levels and than come back to 4215 level where it will complete the c and from there wave V of 3 will start...

Ajayadav

Pls refer my previous analysis..... Since it had retraced more than 50% of iii, therefore the probability of wave iii is neglected and it confirms the move from 18472 to 17775 was abc....rest is shown in the chart

Ajayadav

Nifty bounced back after 161.8% of wave 1 or A... and retraced more than 38.2% but less than 50% of wave 3 or C... Now if it crosses 18120 than it will confirm it was abc pattern and can move towards 18700 else we can see one more low in case it's 12345....rest is shown in the chart..

Ajayadav

Please refer my last post on yes bank.... The last upmove which I considered as a motive Impulse was actually a corrective Impulse C of wave B of higher degree.... Now the current downside move is fast and looks impulsive so it may be considered as C of Higher degree... According to this it should finish below 12.25 but finish above 12.25 as it is Irregular...

Ajayadav

As shown in the Reliance has completed Wave 1 of higher degree and Retraced almost 61.8% of wave 1...Therefore it is good opportunity to accumulate the stock on every dip from here till it holds 2313...

Ajayadav

AB Capital had retraced 38.2% of curren move and this is lower degree of wave of higher degree therefore it must not go beyond this point. So, it can be longed for Immediate Tgt of 185 and 240 for Long term

Ajayadav

IRCTC has completed it wave 1 or A and also completed corrective wave 2 or B and closed above 61.8% retracement. Buy for Tgt og 880/1020

Ajayadav

Seeing the Nifty chart... It seems that wave 5 is unfolding in Ending Diagnal as it's has entered in wave 1....if not than the Nifty Move from 15183 to 18887 will ba ABC.... However we will take it as ED till it is Holding 17800.

Ajayadav

Pls see my previos post... Nifty is in wave 5 of higher degree and completed wave 3. Wave 4 probably end in triange form as elustrted on chart. Chart is on 5 min TF and will be Invalid above 18320..