First, thank you all for following me and liking my ideas, reached 2000 followers with this.
Nifty50 touches 13543 mark today and which I already suggested, now the question is what next? If sustains above 13543, then we can expect 14055, obviously some corrections and pullback are quite fine.
And do you wonder why I do not trade patterns often or why I didn't expect to fall from the upper trend line on the weekly chart? then the above analysis is a big answer to that. We could have seen many trend lines and patterns signalling a downfall from different levels and different time frames, but I keep my chart clean.
See my other charts for highly accurate predictions and simple analysis. If you have any query, you can reach out to me. Also see my previous nifty50 charts, link below.
Sir - In the superstructure counting from 7511 bottom we are in wave 5 - but within wave 5 wee are in wave 3. Is this understanding correct? If yes, would 13580 be end of this wave 3 and then correction to 12900 in wave 4 before proceeding to 14055?
yogi_sharma_elliottician
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@selfffffff, yes you're correct, but I don't think it is an end of wave 3 yet. Also, talking about wave 5, it's just an assumption we are in wave 5th, we could be in wave 3(3) as well, and if this happens, then I won't be surprised if nifty touches 15500 mark soon.
selfffffff
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@yogi_sharma_elliottician, thank you Sir for quick response. One more follow-up - If 13580 is decisively broken then can we expect 13771(78% ) and 14055 (100%) levels atleast?
yogi_sharma_elliottician
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@selfffffff, absolutely, in fact i guess it might break on monday and move to your suggested levels