USD-INR after such a steep rise looks like it is in the 5th wave of bigger degree . Within this bigger 5th wave, which should ideally be the last wave of a Major Rise, normally consists of 5 sub waves in smaller degree . Now, Market is looking in 3rd wave of sub degree of bigger 5th wave that I was talking about in the previous two lines.
Wockhardt or Wockpharma seems to have completed its WXYXZ in Wave 2 and now it should show a up move in Daily Time frame in the form of 3rd wave. In our previous analysis we assumed it should come beyond 270-280 level from near to 500 level. It did. Now let's see what happens in the upcoming weeks to come. P.S- The count will be valid till Wave 1 starting...
NSE:NIFTY chart as per Elliott Wave Analysis. Here Wave 5=Wave 1. So an impulse should be ending here near to 15300. You can check our TVC:SPX analysis too.
As per Elliott Wave Theory TVC:SPX will be able to give a relief rally for 4th wave and then 5th wave ideally should start.
NSE:NIFTY has formed a complex triangle and is going upwards in 3rd wave which is the sharpest wave. Elliott Wave Theory is much advanced to predict price movement. It has formed a expanding Triangle. Follow us for more intraday ideas.
USD INR is seen to have completed its 5th wave of a smaller degree of bigger wave 3rd. It should come lower and this can boost Nifty a bit at the least. This is based on Elliott Wave Theory. OANDA:USDINR
It looks like an ending diagonal . It has 5 waves. Normally defensive buy is above the 4th wave. Target is 1.618% of wave 1 or A. It is best seen in 5 mins tf or lower. NSE:NIFTY analysis is strictly for intraday purpose. This is strictly for educational purpose.
Reliance chart has been analyzed as per Elliott Wave Theory . Here what we can see is NSE:RELIANCE is going to make a fall in the higher time frame. Any query is welcome.
Natural Gas go hand in hand both in international market as well as Indian market. Here we present natural gas Elliott Wave Analysis. It is showing a 5 wave decline as wave A and again will go up for a three wave B, then again come down in a C wave. You can correlate this chart with MCX Natural gas. Both are the same. Hope it will enlighten your commodity...
As per Elliott Wave Theory when NSE:NIFTY itself was falling NSE:CNXAUTO hold its fort. Now I'm expecting a similar type of fall in Nifty Auto too with a stoploss above its recent high. You can see my recent Nifty analysis too.