Nifty continues in wave four (?) correction. So far the movement seems to have completed a a-b-c structure. There could be an 'x' and another a-b-c could be pending. Wave 2 has spent nearly 3 days but wave 4 so far spent only one day. So we may spend another day or two and then head high to a range near 5400. Which may complete wave 1 of C. As per equality this larger C if has to manage nearly 1099 points, so far it has done only 578 points. This view gets invalidated if Nifty moves below 5246.30 which is top of minor wave 1. Which will indicate the wave c might have been over at 5376.45 and next level of dow move commenced.
Nifty Elliott wave analysis of daily chart:
Nifty Elliott wave analysis of hourly chart:
Nifty Elliott wave analysis of 5 min chart:
Nifty 9 RSI & 35 D on hourly chart:
Nifty Elliott wave analysis of daily chart:
Nifty Elliott wave analysis of hourly chart:
Nifty Elliott wave analysis of 5 min chart:
Nifty 9 RSI & 35 D on hourly chart:
No comments:
Post a Comment