This time this wave3 downwards looks like to break both the previous low of 33052 and 32211 and tag the price of 30258 with SL 36083
Looks like 5 waves downside is completed, now retracement in progress In that, wave B is unfolding, wave structure in the charts for reference So, we can expect selling tomorrow (26/05), this will not cross 33370
Microsoft corporation is undergoing wave 4 correction in long term, wherein wave A is unfolding in 5 waves. Currently wave (5) is extending and expected to tag 242 range. After this there would be a pull back and this would then named as Wave B in long term (This wave may 3 or 5 wave structure) Lets wait and watch
Can we expect quick pull back to 36300 this week? I suspect wave (5) of wave 5 is about to end, This set-up gets invalid if it breaks the previous low of 33001 Lets wait for market to unfold This is the edge we are looking for in share market
Looks like Gold is unfolding its wave ((4)) in which wave (A) and (B) already completed. Now wave (C) is progress. Looks like gold may go still deep with minimum level of 1670 in coming days
Nifty50 expected to tag 6800 levels before the next bull run
Banknifty expected to tag 14200 levels before the next bull as per the Elloit theory
Wave 1-2-3-4-5 is complete, ABC is also complete - Major wave 1-2 is completed Next set of Major wave 1 in progress, in that minor wave (1)-(2) is completed, wave (3) in progress so when this minor wave (1)-(5) crosses the reflex point - you can buy at retracement for next set wave 3 so, ITC is at huge buying set-up
Looks like Wave (((4))) in progress and ABC is unfolding, C wave is forming a diagonal - expected to tag 35920 and the fall continues to execute wave (((5))) Will it be one sided market?? Lets wait and see
BNF expected to tag 35200 and finishing ABC of wave ((4)), then after the fall begins
Wave A in progress, Wave (5) of Wave A extending is unfolding and - bad news is, it is also extending Looks like moving towards 107 Lets wait and see
Update 05 May 2022 - Is Wave (((3))) extending downwards?, Looks like the arms of Wave ((1)) and Wave (((1))) are equal in length. If this is extending, then entire Wave (5) is undergoing extension Lets market unfold
Wave (4) completed & wave (5) started downwards, we can expect pull back, that does not exceed 36718 (Wave 2 cannot exceed start of wave 1) This wave is expected to unfold in 3 waves, reaching targets of 35485-35106-34716 In previous post we were expecting buying, but considering the selling happened last session second half, when i revalidated the wave counts,...
One set of wave1-2-3-4-5 has completed, Correction for these 5 waves in progress Looks wave A completed in 5 waves, this indicates that it is undergoing Zig-zag correction. Currently Wave B is progress, so buying now for long term would hurt a lot
Sub-sub wave (((3))) of sub wave ((5)) in progress, Looks like wave (((3))) is extending at down-side, so we may expect Nasdaq going down and completes its wave (((3))),(((4))),(((5))) in coming sessions Assumptions: This is assumed, that wave ((4)) is completed. what if wave ((4)) is not completed, That's entirely different, lets wait for the market to unfold....
Wave A completed and now Wave B is about to start. Information at chart
Correction in the wave counts will be posted later as its not clear yet. But for now, Buying will continue as posted and this will hold good till it breaks 35511
Banknifty 27/04/2022: Looks like wave 3 is planning to extend, It made a wave which is equal to wave 1, this means it is a minor wave (1) of much bigger wave 3 #banknifty #nifty50 #optiontrading