Here is a possible scenario on nifty, which i can think of now. Read the comments on the chart as numbered
These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students
These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students
6 comments:
Nifty Making Inverted HS..now if 5630 taken 5735/5900 could be possible in a week.
From EW perspective, C is done, now 1 started
Well the inverted head and shoulder is not yet completed.. lets wait for it to complete.. let me know what degree's C is done.. kindly share a longer term chart to understand the wave C perspective...
Sir,
What a good ELLIOT PIC.
I don't know much abt elliot
But correction occurs as A,B,C
and not 1,2,3,4,5
A(flat), B completed and C (Extension) is running now instead of 4-5.
THANKS FOR THE HELP!
MAY BE YOU CAN TEACH ME MORE ABOUT ELLIOT BCZ ITS MORE CONFUSIONG...
Sir,
Can u plz help me???
As wave 1 was LEADING DIAGONALS.
wave 2 was flat
WAVE 3 was extension
wave 4 was zigzag
wave 1 of wave 5 was done
wave 2 of wave 5 has broken 5700...
So, waht's the target???
I m strong folower of elliot waves & thus holding NIFTY frm last 15-20 days for target of 6300 but after 5700, i can't understand the path as wave 2 can't break wave 1...
plz share ur views....
@raman, the bull count is now invalidated. Market is oversold; but donot trade long for now.
Honestly, donot trade only on Elliott; there are too many possibilities. Use an EMA + Pattern + Oscillator function. I donot know, if u are still in profit are at hit by loss; but now waves are different.. Just time ur trades and have a stoploss (trailing Stop loss) as well. Think about it..
http://elliotwaveindia.blogspot.com/
PLZ chk this new view of double zigzag WITH PIC.
Also, my initial view on EW nifty was written in a big long comment.
5200 & 4700 targets..............
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