My last post disappointed many shorters but this time it may not.
momentum divergence also support my count.SENSEX making DOUBLE TOP
wait for confirmation,/// breaching the bullish trend line/// and setup your shorts,for quick money in options .better buy july puts
if any doubt, clarification i am ready
When I said the target for NIFTY(9400) about two months ago nobody(including myself) benefited by keeping long position.
No wonder that is human psyc.
NOW see the chart for 5 completed motive waves,the WAVE 5 is struggling to pass 9375 which is 0.618 times of wave 1
next week we have a definite answer. the MAGIC number is 9220.
if 9220 supported we have another ...
A bullish 5 wave up move completed @9218 .An handsome reward to my followers.
elliott wave prediction gives you freedom of fear in all type of finacial assets.
now its time to take opposite position.
waveA ,B completed today@9169(target for B wave(0.786%of wave A = 9174 not breached)
Simply take a short position and relax for a week.
let us meet after 1st target ...
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.
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)
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
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 ...
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 ...
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
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)
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
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
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
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