possible scenario can emerge where nifty makes a endng diagonal,in
simple terms falling wedge,As of now i can see only 3 waves in each leg
so we need to keep a option open for ending diagonal possibility
Any how both counts suggest rise before fall.
Get a clear wave view in below labled hourly chart each leg shows 3 wave move.This
count suggests a move upto 4900+-50 where it finds resistance.
For the other count go through the previous post nifty counts RESEARCH REPORTS
Analyse SBI plz
ReplyDeleteAnonymous comment with id ...
ReplyDeleteMostly nifty has bottomed out at 4703. it coinsides with 38.2% retracement of the move from 4532 to 4800 and also the fall from 4800 has a neat abc wave.
ReplyDeleteclick here for charts
hey Rish
ReplyDeletewhat say now e started or still d?
thanks
not confirmed yet if it drags down from here itself i would not be able to trade this swing...would sit out.
ReplyDeleteok.
ReplyDeletecould you put level till this d is valid.
If falling wedge gets confirmed we have a reversal waiting . .
ReplyDeleteand the breakout from the wedge may come in March 12 (Budget time.. )