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…
The markets went up exactly as predicted. This upward correction to THE DOWNWARD TREND MAY OR MAYNOT yet be completed . We EITHER have the abc correction already completed ,…
The trend is down , though markets MAY move sideways today. An upward pullback can happen once the markets touch 18050 or so. Presently the full fall looks like a…
A pull back is expected which may not last for too long. We should get into the falling mode once again either by this afternoon or tomorrow. Today is clearing…
Today's NIFTY ANALYSIS. Both the 3rd wave and the 5th wave have extended which shows a PROBABLE STRONG BULL RUN. However WITHIN this bull run the markets should correct the…
The sudden rise on Friday AFTER the initial fall can be taken as part of a "FLAT" correction. The flat correction has 3 legs and the upward last leg of…
As mentioned in my previous update, markets tried to test the upper boundary of the ending triangle, but failed to do so and collapsed finally. At times there is another…
Markets may test the upper boundary of the expanded triangle abcde. This happens frequently but is not a norm. Presently big possibility of same. Therefore we MAY see another rise…
Markets in all probability now correcting the full impulse wave which commenced from low of 16835 and completed at 18345. This correction as mentioned earlier can be from 25 to…
Friday's price action marked a PAUSE. The basic analytical structure remains the same. Markets may move up as shown above but the DOWNSIDE is open for the MAIN correction of…
The 5th wave was further extended yesterday PROBABLY due to short covering. The market is definitely overbought both on an hourly and daily basis.Timing the 5th wave in Elliott Wave…
I have given two charts above. The 1st one is the current RECENT price action and the second is a bird's eye view of the impulse wave which commenced from…