Hello Traders,
after showing 4 days with new ATH`s in a row, today NIFTY50 was lagging, even at a/d-Ratio (0.388) and also by price with a negative close at 10210.85 (-20p/-0.20%)! Even all Major Indexes failt to create new ATH`S as NIFTY Bank, NIFTY200, Sensex, while USDINR is showing solid move over the last two days.
Todays pattern is to categorized as a-b-c ...
Hello Traders,
as I wrote yesterday..:"...and we have just one more up sequence to complete wave v (blue) and a decline is just to look for. Please note the divergence at RSI and NIFTY!" So exact this happens that morning by made a new high at 10067.25 and thereafter NIFTY reversal sharp to 9955.85, just some points below my targetzone of ~9700! NIFTY played out ...
As per my primary count Nifty will complete the first wave next week somewhere around 10,200-220 region. Once completed I expect a pullback to the region of 100,50/9950 after which the wave 3 will take Nifty to at least 10,500 region.
My secondary count is even more bullish where Nifty is currently in wave 3 of 3 which started from 9955 level, in this case Nifty ...
Based on my Wave Count the Larger Degree Wave III is coming to end as we are potentially in Final Wave of Wave III. Once that is done we might see either a Flat correction or a Triangle correction both of which are sideway correction which might take a year or more to unfold and the Fifth Wave Targets could be around 11100 to 11400 from where the markets might get ...
Hello Traders,
todays move at NIFTY50 set a new ATH at 10242.95 on an intraday basis and also by closing bell @ 10230.85 (+63,40p/+0,62%). A/D-Ratio was solid at 2.125!
At chart picture we have a clear structure by making higher highs and higher lows, which define a uptrend.
In EW terms we`re at subwave v of (i) or we`re in a longer sideways move and consolidation ...
https://www.tradingview.com/x/HBp8m86L/
In my last analysis i have marked the supply zone at 10137 but price moved higher than that and made high of 10178. With this the supply zone moved higher as in smaller time frame chart we changed the trend at 10178. As a result of this we have price trading in supply zone only.
Price bounced twice from demand zone around ...
Hi Guys, This is analysis cum educational ideas, nifty has one more up rally inside its 5th wave of bigger 5th wave of impulse. current downside movement will be correction, after that rally nifty will go into deeper correction, some may call it as crash but it will be just bigger monthly corrective phase as third wave completes.
Hope you all remember - updated at 9200 that we look for 10000 Target which was done at recent high@10138. Current one is no analysis- Just an update to Nifty Picture which was published on 22nd March2017.
22nd March2017 - Can C-Wave Start
https://www.tradingview.com/chart/NIFTY/JHYOz8SP-Nifty-Can-the-C-Wave-Start-for-7000-7100-Zone-below-8968/
Hi Guys, I'm seeing this up move as part of corrective structure as c wave, so look for reversal to downside after some more upside & then sell
Thanks
Good & Luck
Hello Traders,
lets have a look to NIFTY50 on a weekly basis (Log scale).
While Trader "sachinjain19" asked me about a triangle consolidation, I ask my self if this is an opportunity?! Of course, if the count is right and we have seen a top in wave it is. Cause in a wave 4 you always can expect a triangle or a Flat correction , by understanding alternation in ...
Minimum target for the current up move - 10,550+ and this wave can extend even beyond 11,400+. Wave 1 of the new impulse from 9687 is still going on so keep buying on any dips(9950-9850 won't break if this impulse is as strong as I expect it to be. Good luck.
Signal Specification:
Pair: NIFTY
Order: SELL
CMP Entry: 9886.90
Take Profit : 9703.42
Stop loss : 9956.65
Risk Vs Reward: 2.63
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