- In all probability Nifty in a multi month developing flat correction. However within this flat correction we may rise again(or may not) and drop for a 20 percent correction as shown above.
- Only once this correction is over, wave 5 as a bull run will commence upwards.
GOLD FUTURES
- Gold is on to wave 5, which is extended.
- To allign the above chart with fundamentals and world view at present.
SILVER
- Silver on the 3rd wave up.
- Presently on 3.618 level.
NIFTY AUTO
- Appearance of flat correction into wave 4
- Coinciding with NIFTY chart
PHARMA
- Looking again like a flat correction,
- In all probability will synchronize with Nifty
NIFTY BANK
- Ongoing flat correction
- Need to wait for confirmation
FMCG
- Correcting as a zagzag, into wave II
- Whether a double or triple, need to wait for signal
IT
- Nifty IT already correcting into wave C in a flat correction.
HERO MOTOCOP
- Above Hero Motocop has made a multi month expanding triangle.
JIO FINANCIAL
- Jio Financial on ABC MOVES after inception {normal}
- Presently wave B is moving down.
POWERGRID
- Powergrid in correction
- Triple Zigzag probably.
TATA MOTORS(PV)
- Tat Motors to take support from the lower side of the channel drawn
- In all probability, the LOWER line drawn with 4
TITAN
- Titan on a bull run
- Within the bull run NOW will correct into Z, completing its triple zigzag