Sunday, December 25, 2011

>Nifty elliottwave analysis

Over the weekend went through top 10 nifty stocks ,I think one more
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


Anonymous said...

Analyse SBI plz

Rish said...

Anonymous comment with id ...

vikram a g said...

Mostly 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.

click here for charts

DCStrader said...

hey Rish
what say now e started or still d?


Rish said...

not confirmed yet if it drags down from here itself i would not be able to trade this swing...would sit out.

DCStrader said...

could you put level till this d is valid.

yagnesh said...

If falling wedge gets confirmed we have a reversal waiting . .

and the breakout from the wedge may come in March 12 (Budget time.. )

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