movva.ramakrishna

Wave C of correction (Wave 4 ) is in-progress

NSE:NIFTY   NIFTY 50
105 6 4
6 months ago
Wave C is in-progress for the correction. First Target is 8151 and Second Target is 8119 based on Fib's. The market seems to have the strength to bounce back but global markets may peg it down and the correction may continue.

The easy money is made. It will be difficult to determine if the next move is sub-wave 1 of wave 5 or extended correction.
5 months ago
Trade closed: target reached: The C Wave has extended and is in the last phase of correction.
ASKSANTHOSHPM
6 months ago
Expecting correction to 8048 level by Tuesday
+1 Reply
movva.ramakrishna ASKSANTHOSHPM
6 months ago
Will be thrilled if it goes there. Wave 1 was corrected deep so would expect shallow correction for Wave 3 based on principle of alternation. Also wave 3 was extended meaning bulls are in control of the market.
+1 Reply
ASKSANTHOSHPM
6 months ago
Yes
Reply
ASKSANTHOSHPM
6 months ago
Hi ram I new to market just for a info how do we identify waves is it by the colour given
Reply
movva.ramakrishna ASKSANTHOSHPM
6 months ago
cannot explain all the logic -better google Elliot Wave analysis and read about it . Waves are normally labelled 12345 and the sub waves are roman I to v and correction waves abc. We are in correction wave 4 . I am looking if it is a simple zig zag correction. This could be the last wave of correction so need to Trade carefully.
Reply
ASKSANTHOSHPM movva.ramakrishna
6 months ago
Thanks Ram
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out