CONSIDERING CURRENT CORRECTION AS AN REGULAR FLAT,WE ARE IN A WAVE Y AND SUB WAVE 4.I AM EXPECTING ANOTHER DIP IN BANK NIFTY AS REGULAR FLAT PANS PUT IN 3-3-5 PATTERN.PRICE WISE TARGET FOR REGULAR FLAT CAN BE 100% OR 123.6% EXTENSION OF WAVE W FROM WAVE X.HENCE ON THE DOWN SIDE FOLLOWING LEVELS ARE IMPORTANT.BUYING CAN RESUME FROM THIS LEVELS. 33450(100%...
stock looks good for an up move.count will be invalid if prices goes below 57.50.Sub Wave 3(purple) of wave 1(green) extended till 161.8% of wave 1(purple) because of which i have labelled the entire pattern as 12345 and not WXY or ABC correction.As of now it seems like we are in Wave 3 of wave 3 of wave 3 and if prices goes below 57.40 view is negated. Hope i am...
LOOKS LIKE TATA CONSUMER HAS COMPLETED ITS DOUBLE CORRECTION (WXY) ON THE BASIS OF TODAY'S PRICE ACTION. AS THE CORRECTION TOOK FORM OF EXPANDED FLAT EXTENTION TARGET OF WAVE Y (123.6% OF WAVE W FROM THE BEGINNING OF WAVE X) COMES @ 587 ALONG WITH 61.8% RETRACE LEVEL OF WAVE 1 @ 589 WHICH FORMS A GOOD SUPPORT. THIS COUPLED WITH A BULLISH PIERCING CANDLESTICK...