mohan8514

mohan8514

Reliance looks like forming impulsive wave.. under that 4th wave formation in progress.. we can expect 4th wave upto 50% retracement to 2515 level.. in downside if it's crosses below 2430 than wave counts gets invalidate.. in the upper side we can expect 5th wave upto 2745 level.. Disclimer: this analysis is only for educational purposes not recommending to buy or sell.

mohan8514

After the completion of 4th wave of ABC to 15670 level, its starts to move upwards movement and giving a confirmation to 5th wave. As of now it's looks like wave 1 and 2 is completed in 5th wave and now starts to forming wave 3 that can expect upto 1.61 level of 19850. Wave count invalidate if price come below the wave 2 level. Disclaimer This information is only...

mohan8514

Will it nifty started to move uptrend after 3 swing down to 15860 level. In 15 min chart looks like wave 1 as completed and wave 2 ABC structure formed to down side, we can expect wave 2 to downside upto 16950 if crosses below that level wave count are invalid. If nifty started to upside from present level and crosses 17400 than 3 wave starts we can expect nifty...