selvamB

selvamB

the emerging 'B' WAVE (abc or ABCDE) may lose its steam at 8876. take profits on the table those who took long positions. the chart showing above is an expanded FLAT type since the previous 5th wave is truncated at 8952,hence I Have strong confirmation that NIFTY will reach 9200.

selvamB Updated 

A very simple and easy elliott wave count implies that our BN has to reach its final 5th wave which is equal to its 1st wave ends @23300 I have nothing to explain this basic humble 5 wave upward structure so create long positions in feb series similarly our NIFTY also move up if friday high takenout

selvamB Updated 

In my prior posts two times i had mentioned this level.As per my elliott wave count nifty has a target of 9218 before march 2017. today (31/01/2017) is your last bus leaving ,put your all efforts, nothing to worry.our JAITLEYJI has enough fuel to run the bus by reducing corporate tax, don't forget buy nifty only if it cross the gravity line 8736 (stoplosebuying)

selvamB Updated 

ELLIOTT wave counting if carefully labelling,both time and magnitude can be determined. the above chart explains clearly that final Z wave begins. this is a 5wave impulsive move which should be always equal both time and magnitude of W wave which falls near 8005 on 20th of march(26 business days) Hence what is the trading idea? swing traders can take a feb...

selvamB Updated 

Contrary to my previous post NIFTY reversed upward showing short term rally to make new traders in a trap.But no blue chip stocks participated in this.This is called final leg of 4th or X Wave. however nifty has to cross 8736 (78.6% of WXY)must be on 1/2/2017 as the time cycle ends.And the most awaited Z WAVE unfolds till7/3/2017 . 8285 is W=Z where bulls will...

selvamB Updated 

ELLIOT wave count clearly shows that wave C5 is due for all indices like NIFTY,SENSEX,BANK NIFTY Make your positions comfortable.5th wave is more violent.the possible values counts are given c5 will end by this month.and only our Jetleyji can arrest up to 17600

selvamB

SENSEX reached c4 position which is below c1 trough(27488). good time to short the market.the target levels also clearly mentioned.Forecasting target is very simple in ELLIOTT wave.c5 may be any of the fibenocci number(0.382,0.5,0.618,0.786,and1.0)

selvamB Updated 

Whatever may be the INFY,TCS results,NIFTY has to pass above 8431(50% RETRACEMENT LEVEL) at least for an hour trade otherwise if it IS NOT attempting 8431 and falls ,expect 8313/8303 level. (false break out).further fall is expected after 8303

selvamB Updated 

Nifty finished its correction of ABC Waves from 9119 to 6826.and this correction is exactly 50% of its previous rally from 4628. Now the shortened 5th wave rally namely X Corrected exactly 50% at 7893. We are in a critical juncture at least for a week. the chart clearly explains what to do next

selvamB Updated 

A Bullish move from 8077 indicates that intermediate recovery is undergoing. as long as the bullish trend line respected NIFTY will move upto 8450(78.6% of C5). NIFTY has to spend more time now to complete its 5 wave journey. c51 is over now at7916 target for c52 is maximum 8450.let us think of remaining c53,c54 and the great c55 after some time

selvamB

Even though nifty breached 8000 mark, As per ELLIOTT theory ,We have 3 Wave ABC decline as of now. see the wave counting. As everybody thinks bear market, I don't think so. we have the last leg of C5. this has to be breached for bearishness.Tomorrow and day after we must reach atleast 8255 will support this view

selvamB Updated 

All wave counts illustrated for easy understanding , I am not confusing viewers . if any one prove that i am wrong , please comment

selvamB Updated 

Nifty completed its flag pattern with huge expectations from Reliance ,will it rise or down tomorrow? let us hope positively.

selvamB Updated 

Whether INFY Results GOOD OR BAD NIFTY Will reach again 8750

selvamB Updated 

So far there is no Damage to nifty.But one more down wave is pending,Watch the chart if monday nifty not pushed above 8735 ,our hope will end there. take short positions on monday 3.15pm

selvamB Updated 

Corrective wave count explained

selvamB Updated 

WHETHER YOU ARE LONG OR SHORT GARTLEY GIVES YOU THE LEVELS, LET US WATCH. I DON'T CONFUSE TRADERS... FIRST THING THEY SHOULD KNOW HOW TO AVOID LOSSES

selvamB Updated 

JUST FOR ONE DAY THEN BIG BULLS WILL COME