neilroy7

neilroy7 Updated 

Nifty currently should reverse from around 8430, which would mean it obeying an old trendline on a hourly chart. There are two different counts for Nifty, the ones in read are the secondary and one in dark blue are primary, Both of them show that we should take a good upmove after the fall today. Keeping in mind next week is important, and according to the...

neilroy7 Updated 

n my previous post I gave the reversal from 8550 towards 8620 to 8700 with an explicit warning that it should not cross 8700, Nifty made the recent high 8670. As mentioned before I was expecting it to be a correction so it took a while to complete the pattern, Now it seems to have reversed. Now It should form a 3 or 5 wave structure downward, but it should break...

neilroy7 Updated 

if the upper resistance line isn't broken then chances are nifty can reverse for another low, as all the structures made here are 3 waved structure, and it doesn't seem ready to go up just now. Count invalidates if the line is broken.

neilroy7 Updated 

current structure shows that we can see a final leg towards upside than there could be a fall following. but to note that nifty should not proper break the upper channel line.