All description is mentioned on the chart. As per Elliot Wave Theory. There are five impulsive waves, namely 1, 2, 3, 4 and 5 and thereafter three corrective waves namely A, B and C. The Nifty Monthly Chart is showing and proving the Elliot Wave. I have marked Elliot wave counts since 2003. The completion months and levels of all the five impulsive wave and...
Elliot wave theory tells that a market moves in waves and there are five impulsive waves and then three corrective waves. Without going deeper in the theory, it is very obvious on simple observation of monthly chart of Nifty that the impulsive five bullish waves (2003 to 2019) has completed and it appears that the next phase we may see corrective (bearish ABC)...
Siemens is at 50% Fib. Retracement Level. This Level was touched and tested on Feb.1 and the stock bounced back from here. Now again around this level. This is also traditional support level. This stock must be in watch list. Any upward breakout may provide descent fruit.
