NEOwave time analysis shows we are in bear phase ,whatever may be the reason ,NIFTY will take a trajectory of A,B,C,D,E Triangle pattern. Trade carefully in triangle patterns which are more Pretictable
Pending C wave o 4 th will bring nifty to 10360
THIS is an alternate idea about ongoing NIFTY (B) WAVE NIFTY CORRECTION TODAY (A) WAVE COMPLETED. TOMORROW A RECOVERY(B) EXPECTED UPTO 9578. AGAIN YOU MAY START YOUR SHORTS TILL WAVE 8909
Minimum requirement of 50% retracement completted today.Now today is the final uomove completted for 4 th wave (4a). all negetive news digested here. next week we may see a start of 5 th wave with a gap down on monday, and it may either complete within 2 weeks or 5 weeks
Since nifty has to complete its 5th wave(C wave extended more than 1.618 times), the time consumed for 3rd wave is equal to 4th wave i.e on monday 27th april 2020, the start of 5th wave begins, a top formed 9390 and wave 5(1) and 5(2) completed, now 5(3) will bring nifty to 8450, this will take time till may 15 to complete at 8077
Market Direction is always defined by price action by FII,DII. wave Which is the final push available for them. NOTE the price action near 9134 everything described in the chart with levels to play .
5 TH WAVE emerged if strength is more to beat 26890 then we have hope for long term uptrend for another 20 years
Axis bank is a deciplined stock which obeies and respect all chart patterns and elliot wave pattern.this type of stock is good for trading. 5 waves wX,Yx,Z or (12345) COMPLETED and now correction started.wave A COMPLETED AT 325. THIS upward move is flat in nature and wont go more than 506 because the fall is steep. after completing wave B near 506 again it will...
As per charting now c wave will unfold for at least one week (apr14). targets drawn as t1,t2,t3
CHART explains target for wave 'A' IF ANY STIMULUS ANOUNCED
ONE CAN make huge profits after a pattern complete,is ending diagonal
AFTER PANIC SELLING CLIMAX ON MONDAY ,NIFTY MAY TAKE A BREATHER THIS WEEK. FIRST TARGET OF WAVE 'A' WILL BE 38.2% OF PREVIOUS FALL ie 11040,
As Expected NIFTY is completed its reversal pattern (inverted extracting triangle ).Now the trend is down. traders may take positions accordingly
PLEASE READ THE CHART CAREFULLY . ALL WAVES FULFILLS THE CONDITION OF FORMING A NEUTRAL TRIANGLE CORRECTION IN NIFTY. WE HAVE ONLY OPTION TO SHORT THE NIFTY TILL THIS MONTH END. REMEMBER AFTER THIS CORRECTION AGAIN NIFTY WILL MOVE UP