After a big down move nifty made its 1st wave (with 5 sub waves) and it can go for its 2nd wave as shown in the chart.... (weakness found in the chart)
Making correction...if it breraks it will be a nice selling opportunity....
expecting to go more down side for shorterm.....wait for breakdown of small correction....
Good buy setup after breakout as mentioned in the chart.... and be careful at the area shown in the chart....it may reverse or it may do correction....
showing weakness...expecting to go down (shortterm down side.....)
there is a chance to make 1up and 1 down move before big up move....
weakness observed and expecting reversal started from support level......
Script satisfying all the rules of elliotwave and we have buying opportnity for long term...... i will post short term trades time to time......
Expecting short term uptrend and Possible movements shown in chart..... for every breakout of trend and resistance line we should wait for a flag and breakout of flag.....because of the possibility of big down move shown in the chart......
Expecting to go more down side....we may have shortterm sell setup here....stay tuned.......
Expecting more upside.....
Here i found a small buying opportunity... if market opens above 1345 wait for a pull back then enter at price mentioned in the chart for a good entry....
Expecting to go up.....
Expecting to Make Correction towards Upside.......