Nifty Pharma is in for a correction and then the run will resume and then expecting the subwave ((v)) of new wave (1) gonna end and then expecting it to join the correction with Nifty in 2019.
Disc: Not a trading Idea, for eduction purpose only.
Manappuram done with 5 wave up, now it's in corrective waves.
This is the chart which i posted in another blog when the price was above 100.
Expecting to find the bottom somewhere in 70s.
A head and shoulder patter in wave 5 will doubly ensure, the...
The current elliott impulsive wave has started from 2009, and the last impulsive wave of 5 is going on at present, also the subwave of wave 5 is maturing too, all in all we are heading for a correction. Most of the times, the wave 5 would reflect wave 1’s character. In that case, Nifty would top around 12600-12700 (applying same length of wave 1). In case if the...