hrishidate05

hrishidate05 Updated 

As per the Elliot Wave the Wave 3 seems to have ended at 3800 and overall Titan should go into a correction which will the Wave 4. Wave 3 is 1.618% of Wave 1 so it is following the Elliot rules and the Wave 4 levels are till 3200 which is 38% of Wave 3 . There is a potential of 10-12% downside from this point.

hrishidate05

As of todays fall confirms the market has made a new low and entered into the lower top lower bottom trend. It has breached the primary trendline which was from Nov 1 and now it looks like NIFTY will stay in a down trend till 20100 and then the major support is at 20500 where the main Gap up is. Earlier it tried to re-enter the primary trendline but failed and...