dev161971

dev161971 Updated 

As suggested in my last idea on 19 August that nifty may have completed extended wave 3 and it may come down upto 17050. Today Nifty tested the low of 17165. Current structure suggest that Nifty may go down up to 17135. As if my count is correct then wave 5 of wave Y of WXY is still pending. As regards wave (i) -(v) of smaller order I am suspicious about the...

dev161971 Updated 

Nifty has probably completed its extended wave 3. It may correct upto 17050. Correction will not be simple so be prepared for shaky movement.

dev161971

Bank nifty is likely to correct upto 36450 . Correction will most probably be as abc correction. It is not an investment advice. Only for educational purpose.

dev161971 Updated 

The current structure of Bank nifty seems to be following the above chart. Wave 1 seems to be a rare expanding leading diagonal.

dev161971

Heads and shoulder pattern in formation

dev161971 Updated 

Possible wave projection of NIFTY tomorrow on tuesday

dev161971

All comments welcome.

dev161971

1-The retracement is zigzag. 2-Part A came in clear five waves. 3-Wave went up with a slight bend forming a-b-c 4-Wave B is unfolding in zigzag with with wave 3 in forming. 5-wave B went up slightly more than wave 0.5% of Wave A but is less than 61.8% of A. 5-Although premature to predict wave v but we can expect it to come around 9159 Information is meant for...