i have marked all the impulse we are in short term correction a possible reaction to move higher is expected as wave i have counted
A TOTAL WAVE COUNT OF BHEL 1 of 3 has completed we are done with 2 wave are heading for 3 of 3
possible last wave tried counting with different method without noise we may head up higher
possible out come look for reversal sign 2 years of consolidation very complex structure
bank nifty in wave c it has to unfold in 5 waves target are 100% or 1.61% of wave a as mentioned
nifty short term count 5 wave is still pending break on trend line will trigger upmove
i believe 5 wave has yet to complete which can which can be marked as primary 1
primary 1 has completed and the correction has reached .78 % in 5 wave with zigzag correction
broader outlook for hdfc its ready to fly c wave has completed its 5 wave move
short term nifty outlook c has to unfold in 5 waves last leg expected
wave analysis trend continue to be upward either it can start larger wave 3 or corrective b
wave analysis wave a was 5 wave down so we are expecting wave b termination around .618 the following pattern is zig zag 5,3,5
wave analysis it seems wave a has completed and we are locking for b wave up
wave analysis down trend for short term but look to buy for primary wave up
wave count larger wave (a) has completed look for buy setup
it have completed primary 1 and correction of flat in primary we might be looking for start of new wave up