padiyara

padiyara

Nifty is in primary wave {3} top with a complex correction in an intermediate wave (5), and this break below 11485 now making the whole pattern in to an irregular correction for internal wave iv of minor wave 5, which can form into ED even, with all internal corrective waves. Many possibilities are around. But still expecting a new high if holding 10585...

padiyara

My long time pursuit for my followers. (I am bit abstain from regular posting due to my tight job schedule. please bear with me for some more time.)

padiyara

This correction was expected to come down in a range between 11700 to 11485 as per the Fibonacci retrace levels and so far retraced to11625 then bouncing now with out completing a pattern. if c is completed at 11625, the bounce could be wave 5 with possible extensions in internal wave 3 as mentioned earlier. Another possibility is that wave3 completion is at...

padiyara

Nifty correction may come down to 11485 level as we are expecting wave 5 of wave as our main count which is in progress and going intact. This inner wave 3 is less than 1.618 time of wave 1 and considered as non extended wave , Hence we can expect wave 5 to be extended to 12750 approx.: w1=10985-10004=981 so 161.8% of 981=1587 Hence w3 could have reached up...

padiyara

Humbly mention here that nothing is sure and its all a hypothetical view but match with the current contexts. Nifty is probably in the end of a Minor wave 5,which has already attained the minimum projection(38% -61%) value and made a new peak 11856, but still not completed a pattern.so far it was moving like an impulse with a meek start. Since the assumed wave...

padiyara Updated 

We are probably in wave 3 of 5 having strong support at 11550. Primary wave is in progress and the above said 5 is the top. Long term count seems to be in track (please see the previous posts) Due to complex internal structure of the corrective waves in wave 2,Internal structure was so confusing, and I miss the count here, thinking (marked )this would be...

padiyara

A count with internal i.ii.iii for wave 3 of 5 is only one possibility, Let us hope for the best.

padiyara

Nifty got resisted at a previous top 10987 with a small spike and a small breakout from the falling trend line and then corrected more than what I was expecting. The count become difficult with more and more option developing with an unclear pattern . Still I am continuing with the view that we have started wave 5 and currently in some 1, 2 - 1, 2 is under...

padiyara

Tatamotors:183.30 is at a trend line support now with the indicators are highly over sold. Both Stochastic & WR% is highly over with a kind of Breakout from the Res: line. It can make a move towards the next resistance 282. Stop Loss:165 The long term TL (blue line) will be a strong resistance if it cross the 282 level. However fundamental values doesn’t support...

padiyara

A positive Break out as expected happened in nifty. Wave count on daily chart as requested by viewers added here. I am not confirming this count as the perfect one, I agree that there are many alternatives, kindly read this as a study material. Friends those who disagree some points about 4th wave in monthly chart do not worry, you may be right too. . Wave count...

padiyara

We are probably in wave 5 black, of Wave(5)pink, of Wave violet, of Wave III blue.... ie: 5 of (5) of of III. Probably in the sense that, an irregular if completed must show a swift recovery, which did not happened here yet and we are stuck at 10985 ie: between 50 &62% of c of irregular abc. This should have breakout immediately on either side. If down we...

padiyara Updated 

HDIL:22 is showing a positive divergence after breaking the long term support can make move towards 37 and on crossing this level can take the stock to 53. An improved quarter can overturn the scenario from bearish to bullish till then it is a poor show.

padiyara

Hindustan Composites Ltd:390 is trading near a long term support level, resistance at 460, on crossing that level the stock can perform well in future. The indicators are showing some positive divergence , still the chart pattern is showing a falling wedge, chances are there, it may test the bottom line support around 350.

padiyara

Wave 3 normally make a small correction, a 38.2% correction towards 9952 seems to be an appropriate level for wave 4, Now we want to see that what form it take place weather a flat or triangle, for the reason wave4 rarely forms a zigzag, consider all this characteristics 9920 will be a strong support, before it make a target towards 13000 for wave 5. there are...

padiyara

with the indicators showing a positive divergence, it is assumed that kajaria is completed an abc flat correction around 501, if true it will show a breakout through price 593 and then 602 soon ,with out breaking new low. This will confirm if it cross strongly above 602 ie: 38% in confluence with grey trend line.. see the green arrow marked on chart. (on the...

padiyara

watch the RSI positive divergence. initial resistance 4100 STOp 3450

padiyara

Nifty' is having strong support near 10600 area. Also expect the RSI to support near 50 level. Wave structure is is bit confusing but still hopes that we are in wave 3, and the IV of 3 is show as an expanding flat here. if true we will see the 1.618% retracement show here11924 approx: And if wave 3 is completed at 11171, then we are in an a b c correction...

padiyara

Nifty' :10424.65 current top, is the 38.2 % retracement of the total fall from 11171,Which was expecting and I have posted in my last message on 26th March. Now a strong move upwards from here will show that we are recovering from the correction. Total Fall was 1220 point and we retraced 470 points, Now a 180 point correction of this bounce shall be considered a...