NIFTY Opening On 12th June 2023
Nifty - Expecting EITHER a 5 wave move down (wave 3 is completed ) OR a triple zigzag (where the 1st ABC is completed(have not marked on chart) Either way,…
Nifty - Expecting EITHER a 5 wave move down (wave 3 is completed ) OR a triple zigzag (where the 1st ABC is completed(have not marked on chart) Either way,…
In the chart above I have shown the Nifty wave "c" unfolding downwards as part of a flat correction. The downward movement should be swift and should finish in 3-4…
As mentioned in my previous Nifty post, we are in all probability into the BULL RUN, where we have completed the correction to the 1st impulse wave around 20th May…
Looking at recent Nifty price action seems to be a rising converging triangle which will mark wave 5 ending on a smaller scale. This expected rise should take us beyond…
Markets behaving on predicted lines . Yesterdays fall seen as part of the 'D' leg of the ongoing finishing triangle as shown above.The D leg should finish around end of…
Markets are clearly overbought on almost all indicators.Markets are clearly overbought on almost all indicators. On the wave count I have drawn a POSSIBLE expanded triangle in the making where…
Nifty is now near completion of the impulse wave which commenced around the 20th of March. Presently it needs to complete the ongoing triangle which it should do by FIRST…
I have given three charts in succession in larger to smaller time frame in context. The 3 charts give in detail my views on developing bull market in the LARGER…
Yesterday I had mentioned two aspects of my current analysis1. We are in a bull run2. The correction will take the shape of EITHER a single zigzag or a triple…
I have given two alternate counts above , in red and blue. Both have equal weightage and both are bullish in the long term , but presently IN CORRECTION.THE RED…
Most likely , the current previous upmove was an X wave (instead of a simple B wave. ) The downward move should then be a continuation of the correction and…
I had mentioned yesterday a distinct possibility of an X wave forming. "X" waves as mentioned earlier are "interrupters" of a larger progression in the opposite direction. Larger the size…