Rajesh_KumarSingh

Rajesh_KumarSingh

Currently Nifty trading pattern is like expanding triangle. Nifty wave (c) -(yellow) is continuing in zigzag pattern and currently price is in second phase of zigzag. There are maximum 3 phase in wave theory. Current price is in wave "c" of (c). Wave "c" should be equal in length of wave "a". So Price near 10320 will be Important to watch either price reverse for...

Rajesh_KumarSingh

This the classic example of Elliott wave theory . Bajaj finance completed its first wave near 4922 and after that in wave 2 fall was fast and furious and it seems price has terminated near 1914 , which is 61.8% retracement level of wave 1. At lower level I have noticed triangle formation near bottom of wave 2. So I expect breakout will come in this stock...

Rajesh_KumarSingh

#NIfty sustained abv important resistance 9040-50, with that It confirmed, one leg of wave either as "a" or "i" has been completed and next up leg will be as wave b or ii. In this wave we can expect retracement of "i" up to 61.8% where 9286 level is placed near blue channel. Micro/Macro wave confused me lot earlier and forced to changed frequently but earlier...

Rajesh_KumarSingh Updated 

#nifty50 Nifty moving in its double zigzag corrective structure til now. Price taken resistance near 9040. This is very important resistance now and will use to sell every rise near channel as shown in chart below. Nifty moving down after completed wave near 9584 and nest down move is wave.

Rajesh_KumarSingh

L & T price moving between perfect channel and price is in its corrective wave (b). Wave (b) forming internal double standard of correction in zigzag manner. Price took U turn from 885 level where upper channel was placed. Now price is near lower channel line. Tomorrow If price touch lower channel near 784 may be good buy zone. 784 level is also gann support...

Rajesh_KumarSingh

Apollo hospital entire price pattern is corrective and price is trading in wave (b) and price moving in proper channel. Price has facing support at 1255, any break of this level 1255 will take price towards lower channel line near 1200 level to complete 'e" wave of wave (b). After that price can move towards 1550 level in (c) wave.