unlike nifty banknifty is not showing any sign of getting out of range. Banknifty seems very weak in its uptrend, the last down move was with gap, showing sign of weakness. if nifty starts to cover downside we might see banknifty sliding down even further.
current move in nifty seems re accumulation and today after coming in range nifty didnt move strong enough to show sign of weakness over all volume was very low. At the end of the day we can see some sell volume increasing but the down side effect was limited and next bull candle engulfed the prior 50 % move with good volume suggesting possible support. For...
Possible wave count suggest we are about to finish wave 3 near 1.618% of wave 1, And channel line might also act as resistance and on the left hand-side we have a gap, likely to be filled, if everything works well we will see downside in coming days. But one need to remember we are still bullish as wave 5 is still pending.
So, keeps your eyes on BEL. Looking for...
these are the probable wave counts that suggests that we are in correction. If wave y is over than we should continue upside and we have reached 38.2% correction usually this level upside will be good. Let see this just my opinion and not a recommendation, please consult your financial advisor before investing or trading.
This is for educational purpose only.
Well, this is the updated wave counts of Reliance i have done mistake in my previous post, some how i missed my counts and didn't check before posting. We are still on the same page we are about to correct wave 5 of c of B. soon we should see a pull back in Reliance. further downtrend will decide whether we are completing wave C or we need to change our wave...
Well, We have tired to post the possible wave counts of reliance industries. According to the wave counts we have finished 5 wave pattern and ready for a good correction. But we have received a good numbers from reliance so there might be alternate wave counts, Wave A seems to have completed and we are ongoing wave 5 of c of B. Well this is an educational post not...
Hello all, this is a new chart of relcap with probable elliott wave count. From this perspective seems like further fall is pending but we are currently going down in wave iii of c of (B) , if you get it good otherwise no issue i am expecting good pull back to test the high of wave (A) again but it might comeout to be a triangle. so let the pattern form and take...
Well, from probable elliott wave count it seems we may be in the last wave. But there is another alternative that we might be finishing wave 3 and waiting for a pullback as wave 4 so for the time being we are going with the shortest possible wave count. let see what happens.
If you have different view let us know, feedback will be very valuable.
Well if we compare nifty with yesbank or vice versa, nifty is ready to move ahead and yesbank seems to have completed it wave 3/c and going for wave 4/1/a. Dont get confuse it means nifty and yesbank should be in a bull mode. This is not for big time money just short term idea intraday or a day. Let see what happens.
Well every thing is labelled on the chart. It seems like we are in flat correction which might take it further down in coming days let see what happens. Any query or suggestion please comment it will be helpfull.
Well, bajfin seems like in correction before falling further. Its my view that we are in flat correction, which will depend on nifty how it behaves. Bajfin is follling nifty so lets wait and watch what happens.
Well every thing is explained in the chart. Let me clear
1. wave (3) = 2.618% of wave1 (7072)
2. extended wave 5 target (7112)
Hence nearest buy target should be around those area. Wave 5 is extended so we will see some fast pull back . Let see how it works out.
Please comment if you find any thing wrong in the wave counts.
Well, there are few of us who are wondering what nifty is doing and what next so lets try to solve the puzzle and see what happened today why a sharp fall and uptrend today. Well don't waste time see the chart and if any thing's wrong then please feel free to comment. Your comments are valuable to me. Please comment and suggestion.
Well every thing is explained on the chart, just see it carefully. This is for intraday trading and not for long term or short term. Well tomorrow we should finish wave 4 or may be we have finished wave 4 and moving for wave 5 as an ending diagnol. One thing to note that wave 3 was not extended till 1.618% of wave 1 hence there is a chance wave 5 might get...