bhalla1990

bhalla1990

Wave counts for Nifty since March lows. wave 3 got extended so wave 5 can be a little shorter, maybe a 0.618 fib extension of wave 1. Seemingly a top is near and we can get a deep correction

bhalla1990

Charts has wave marking for EWT on 2 hour time frame for march lows, either we hit the top today already or top is at 27200, coming days will tell and then followed by deep correction. Structure looks a usual 5-3-5-3-5. Starting with a leading diagonal for wave 1 and also a diagonal structure for wave 3. Complex WXY corrective pattern for wave 4(triangle 5 then...

bhalla1990

HDFC is currently in wave 5 and can start corrective move from 1245/1265/1305. Rule Wave 1 & 4 don't overlap is passed Wave 3 > Wave 1 Wave 5 can get extended, but probable reversal points per fib levels mentioned on chart. Wave 4 and 5 also seem like a Bearish Harmonic Deep Crab pattern. CD leg can extend till maximum of 3.618 Further details in Chart!!

bhalla1990

Harmonic Bullish BAT formed on 8th/9th, given expected move on 10th, should continue on 11th as per chart