Priyal_Patil

Priyal_Patil

Bullish View: The c-wave internal structure of the triangle's e-wave, will continue to rise and the possible pattern Nifty is forming could be a Diametric pattern. That would then mean the e-wave of this diametric pattern will continue and the next fall would be the f-wave Bearish View: The e-wave ends near the upper trendline (need to monitor the resistances...

Priyal_Patil

Y-wave fall post X-wave triangle completion. Need to monitor the resistance near the upper trend line. Possibility 1: The fall would be the start of Y-wave Possibility 2: The fall could still be d-wave in progress (inside the triangle)

Priyal_Patil

Either this is the point of reversal.. or one more move upside and then bleed.

Priyal_Patil

Major support broken. Near term targets: 1st Target achieved. 2nd target (gap fill) Also the neckline of the Larger Head and Shoulders on the top has broken. Nifty will soon reach 8000 levels.

Priyal_Patil Updated 

Nifty is exactly on the black trendline currently. Triangle is either completed or is not. If it is the red line possibility.. the fall will continue.. and if it is the pink line possibility, then bounce.

Priyal_Patil

Only faster retracement in one of the directions will tell. Faster retracement downside, will signal start of the Fall. While faster move upside from that region, signals "g-wave" still in progress. (possibly c-wave extension or forming a diagonal)

Priyal_Patil

Look for sharp bounce from this region.

Priyal_Patil Updated 

Diametric pattern at the end of the larger degree E-wave. Diametric patterns usually aren't fully confirmed until a decisive change in trend. Here, there are two possibilities. 1.) The larger degree fall has begun. 2.) The fall is just part of the f-wave and the g-wave is yet to complete.

Priyal_Patil Updated 

z-wave continues to form a diametric pattern current downside leg = f-wave next upside pattern = g-wave and then the major fall!

Priyal_Patil Updated 

Internal z-wave looks like forming a triangle. Look for sharp reversal after completion of z-pattern.

Priyal_Patil Updated 

e-wave of the Expanding Triangle is forming a complex correction. z-wave of the complex correction is in progress. z-wave has just begun with its internal a-wave. It is now crucial to see what pattern it forms. The c-wave drawn at end may or may not form a diagonal. This is just a possibility. There are many other possibilities for z-pattern.. But this...

Priyal_Patil Updated 

Breakout downside will trigger the fall.

Priyal_Patil Updated 

Double correction in Nifty is near its completion. Final leg of the Neutral Triangle is in progress after which the Bear Impulse will begin. It is now very important to see whether the e-wave will form some pattern or will end near the channel resistance.

Priyal_Patil

Stock bounced from 78.60% Fibonacci retracement. 1st wave of the next impulsive structure looks completed. Monitor 2nd wave corrective pattern after which wave-3 will start.