Hello Traders, NIFTY50 set a new ATH @ 18887.60. As I wrote before:“ It will follow a series of new ATH`s! This is what occur now. The price-targets for an extending wave v of (v) ranges from 19153-19383. To select the count in details, it is possible and „looks better”, when counting wave (3) of ((5)) @ the latter high @ 18887. A break of the blue trend line...
Hello Traders, mission accomplished! A new ATH for NIFTY50! Today, N50 set a new ATH @ 18678.10 on an intraday basis! This was inline with my forecast! This high could be also complete a wave (5) of ((5)) of iii?! In this case, a corrective setback should be next within a wave iv and retrace 38.2% (the most common retracement for a wave iv)! The second rule for a...
Hello Traders, sorry for the late update. I had the flu and was out of action! Back to NIFTY50. It has set a new 52-week high today @ 18529.70. This move should be waves i of ((5)) of iii. A target for this wave is a new ATH, as I wrote many times and prepared you, my fellow readers, for this scenario. The latest pullback, from November 16-21, ended close to the...
Hello Traders, NIFTY50 has set a new 52-week-high today! The rally is going it's way, and it was not all, from my perspective! As I wrote before; a new ATH should be in the cards! The bulls hit the “gas-pedal” and the machine is running! But not hot, not out of fuel! The latter ATH is @ 18604, and it should be reached this week. After, we have to check the chart...
Hello Traders, At my latter analysis, I wrote:“A price range for a correction should be at or around the 17971-17830! !“ Indeed, it was at 17969! Perfect match! The consequence of this has been rising price to 18349.70 at the end of the week. This was not all! The path has been set; new ATH just ahead! I have switched to the 1h timeframe, to show you in detail...
Hello Traders, NIFTY50 has failed to advance to a new high for the year. It stopped the advance at 18296 within an intraday spike! But what does it mean for our count idea? Let's check the pattern. Overall to speak, the advance was forecasted and you, as my fellow readers and followers, have been prepared for this scenario. Today's move should have ended a wave...
Hello Traders, NIFTY50 has extended his gains to 18127, closing basis! It moved above the high on August 22, September 15 early November. At my latter analysis, I wrote, that the extending gains should be waves „ ((5)) of iii“. I have changed the degree of the waves to one lower degree. In consequence, it would mean, rising price for Mondays-Tuesday session. The...
Hello Traders, NIFTY50 has risen to my favorite price-target, @18k – 181xx levels. This was inline with my forecast. I have left the forecast arrows unchanged to clarify my assessment! Following my forecast, there has been left 1 or 2 opportunities for the coming days! First is, we have seen at today's top a wave ((5)) of iii, that was done @18178.75. The...
Hello Traders, at my latter analysis, I wrote the following: „In both cases, the path for the nest 2-3 days has been set! Rising price to or around, 18000-181xx levels!“ This statement was wrong! NIFTY50 did not advance to my target area, but failed. It has risen over the week, but the slope of the move, make it more or less a wave ((iv)) or a part of it! Two...
Hello Traders, NIFTY50 has gaped above the high @17428.80, the wave (x) level and made this resistance be a support area! After a back test off this area, N50 has risen to 17670! This move should be part of waves (3) of 1 or (3) of waves (v)! In both cases, the path for the nest 2-3 days has been set! Rising price to or around 18000-181xx levels. The alternate...
Hello Traders, a wild ride has been seen for NIFTY50 this week! As I recommend sideline @ my latter analyses, this notice was helpful and saved some accounts! But what's next for India and the stock market? Let's check the pattern. As to observe at the daily chart, you can see, that the rise from15183 has touched and spiked above the wave x² high @18114 on April...
Hello Traders, NIFTY50 declined sharply after the US Jobs data! For Monday's I expect a massive gap-down and selling pressure at the first half of the day. More bearish pressure should come. A break of 16855 opens the door for the price area (green rectangle), ranging from, 16768-16530. Here, if so to come, a wave ((c)) of iv could end! To my view, it is not...
Hello Traders, NIFTY50 has extended the gains to 17428 today, closing price was @ 17334. The pattern make a wave 4 less probably, `cause the wave 1 low is just 1 point away! So, the odds do rise, that @ 16747 a waves ((c)) of iv was done. From my point of view, I still remain a little skeptical if this was all to the downside. N50 should rise to 17469 area, where...
Hello Traders, NIFTY50 has moved to one lower low @16747.70. After, a sharp reversal to the upside occur and pushed N50 to 17107 on a closing basis. Intraday high was @ 17187.10! I wrote at my latter analysis, that „a sharp „v-reversal“ should occur in the coming hours“ if this was the end of the decline, within a wave ((y)) of iv! So, I guess, it is too early to...
Hello Traders, NIFTY 50 has extended my target range well! It declined to 16826 and closed an open gap, left by trading on July 28 – 29! One more open gap is left; it ranges from 16642-16776 on July 27-28! If this gap gone be close, the chance is excellent, that, maybe within a „spike“ down, N50 will touch the range of 16450 area. Here, a wave 4 of lower degree...
Hello Traders, NIFTY50 walked through the door and declined today to 17291 (intraday low) and close the day @ 17332. This was inline with my forecast! At today's low, waves (c)=(a)! So, in rare cases it should be, that today the decline has ended. But this is not my No. 1 count. We will be focused on the „double-flat“ idea, and this one has the potential target at...
Hello Traders, NIFTY50 is on path with my forecast. It declined to 17429 on September 19. So, the door is open as I wrote on September 15. The low @ 17429 was a waves a and the countertrend to 17919 was waves b of y of the „double-flat“! In this case, the route is clear to the downside in the coming days. A break of 17429 gives a clear message that N50 is heading...
Hello Traders, NIFTY50 is moving sideways, since the high @17992 on August 19th! Of course, today, a new high was set @ 18114.65, but the odds come into focus, that the alternate as per my count is more and more probable. A „double-flat“ seams to be possible! If so to come, today's top was weave „x“ of the pattern, and the coming 2-3 Weeks will push the Index to...