chirag_Khasiya

chirag_Khasiya

Wave (5) started from 10790 is looks like a three wave move as of now. wave (c or iii) started from 11535 achieved 100% and 123% while 161% is coming at 13534. 12868-12613 is immediate support range and nifty is positive as long as trading above 12613. Nifty turns negative only if trades below 12613.

chirag_Khasiya

In 30min chart it seems wave (c or iii) started from 11535 is in its last stage of completion with pattern of Ending diagonal. 12817-12615 is an immediate support range. 13159-13217 is an immediate resistance range.

chirag_Khasiya

In hourly chart it seems wave (c or iii) is still running from 11535 and from 11535 wave (i), (ii) and (iii) is completed at 11921, 11756 and 13146 respectively and wave (iv) is completed at 12790 or still running and wave (v) is still pending. So overall nifty is positive as long as trading above 12530. projection of wave (v) is coming at 13405-13785 range from 12790.

chirag_Khasiya

In this 15min chart wave (iii) started from 11756 not even retraced 23% yet so may be wave (iv) is running and wave (v) will start on upside after completion of wave (iv). 12678-12502 is immediate support range and nifty if trades below 12502 then only negative.

chirag_Khasiya

In this 1hour chart it looks like a three wave move and it can be abc or 123. So nifty is in positive zone as long as trading above 12417 which is 38% retracement level. 12626-12417 is immediate support range and nifty negative only if it trades below 12417.

chirag_Khasiya

In this 1hour chart wave started from 11535 is sharp and steep and created gaps so i have given Alternate wave count. If its wave (v) then 100% projection is coming at 12770 and wave (v) above 100% is rare case so if nifty trades above 12770 the we will consider Alt. wave count.

chirag_Khasiya

Wave (5) started from 7511 is currently in its 5th wave and 38% is already achieved. 61% is coming at 13437. To find top we have to see wave (5) started from 10790 in lower time frame.

chirag_Khasiya

No change in monthly chart posted on 17oct where minimum target was new high is achieved now.

chirag_Khasiya

In this 1hour chart it seems wave (i), (ii), (iii) and (iv) is completed at 11305, 11181, 12025 and 11535 respectively. And from 11535 may be wave (v) started and already achieved its 38% projection and almost near to 61% projection. so now we need to be cautious on buy side. The only confusion in this chart is the speed of wave (v) from 11535 is sharp and...

chirag_Khasiya

Posted this daily chart idea on 17th oct. and we are near to minimum target. so we need to concentrate on the bounce from 10790 to find out top. In daily chart from 7511 wave (1), (2), (3) and (4) is completed at 9039, 8055, 11794 and 10790 respectively and from 10790 wave (5) is started and projection of wave (5) is coming at 12426-13437.

chirag_Khasiya

In this 15 min chart 11649-11720 is an immediate resistance range. Nifty needs to break above 11720 for upside momentum.

chirag_Khasiya

Decline from 12025 is looks like corrective as of now. so we can still expect bounce towards 12007-12298 range in coming days. Invalidation point for this view is 11305 which is well below from current level so for immediate move lets look at 15 min chart from decline 12025.

chirag_Khasiya

In 30min chart nifty is consolidating between support range 11823-11700. Now 11661 level should not be broken if nifty needs to go up.

chirag_Khasiya

In daily chart from 7511 wave (1), (2), (3) and (4) is completed at 9039, 8055, 11794 and 10790 respectively and from 10790 wave (5) is started and projection of wave (5) is coming at 12426-13437.

chirag_Khasiya

In monthly chart wave completed at 6357, wave completed at 2252, and in wave may be 5th wave is running from 7511. 38% projection of that wave (5) is already achieved but it is below earlier high and 61% is coming at 13598. so wave (5) completion range can be 12428-13598.

chirag_Khasiya

Nifty has closed below support range so first 15 min of opening will be very important to watch. Negative only if trades below 11700.

chirag_Khasiya

From 11181 we are considering wave (C or 3) so as of now nifty is in positive zone and 11734-11628 is an immediate resistance range. And nifty if trades below 11628 then only negative.

chirag_Khasiya

wave (C or 3) started from 11181 is in its wave (v) and achieved its normal projections wheres 100% is coming at 11849.