The nifty index has completed the five wave imulse at 18067 todays low level and now the ABC three wave corrective retracement has been started and tommorrow market will be moving up levels 18221-18268 and 18315 there will complete the correction.
On Banknifty the Impulse wave pattern has been completed and now the corrective pattern retracement has been started tommorrow market will be moving upside targets 42760-42917-4378 levels to complete correction.
The Index has Completed its Five Wave Impulse Top Yesterday and today it has started the good bearish large degree correction ABC as shown in the chart which will complete upto 41600 and if it breaks down it will complete upto 40000 level.
Today Nifty has shown very panic bearish sell off.Now the Market has completed the daily timeframe impulse as shown in the chart .The index has entered into the Double three wxy correction in which w and x leg are completed and now the wave y has begun in which wave a is unfolding.The price targets to complete the double three patterns are 18180-18120 and if those...
The dollar index has been in the Impulse pattern of the intermediate degree and now it is in wave 4 as the running flat correction whcih will complete at 106.67 level as shwon in chart tag and then the wave 5 target to downside is 102 level as shwon in the chart.
This Pair has been in the Zig zag correction of primary degree shown in green label and now wave B is unfolding.In wave B the sub wave b is moving as the running flat which will complete at 0.7000 level and then the down side argets as shown in the base channel support and remaining sequence as shown in the price chart.
This Pair has been trending down in the Impulse Pattern of Minute degree and right now it is in wave 4 as Elongated Running Flat and it will end at 138.56 level and then the wave 5 impulse to down levels 131.90 and 129.94 .
The dollar currency index has been in down trend for more than one month now.On friday last week it has completed the small impulse trend and correction and the new impulse has just begun now and the next downside targets are 103.56 and 103.03 levels.
The Nifty indeex is trading in the wave 5 of Impulse shown in Orange labels wave 1 and 2 as subwaves has been completed now and wave 3-5 subwaves are yet to complete the final targets for wave 3 and 5 are 19390 and 19716 .