Hi friends,
In my last post i had mentioned about the impulsive move in NIFTY.
The impulse made sure nifty went on and breached the slanting trendline
and even scaled a new high.
Lets look at the chart structure.
From the chart its seen the nifty
has breached passed trendline
The red counts suggest modest
rise in coming weeks.The green
count shows a much bullish
picture which assumes nifty
has started a wave 3 rally.
As of now in any case we should
target 6600-6720.
Inbetween any correction would
be bought into.
This the bigger picture.For short term picture keep stoploss for longs at trendline breakout
ie 6300 for any buy in dips.
Regards
Rish
In my last post i had mentioned about the impulsive move in NIFTY.
The impulse made sure nifty went on and breached the slanting trendline
and even scaled a new high.
Lets look at the chart structure.
has breached passed trendline
The red counts suggest modest
rise in coming weeks.The green
count shows a much bullish
picture which assumes nifty
has started a wave 3 rally.
As of now in any case we should
target 6600-6720.
Inbetween any correction would
be bought into.
This the bigger picture.For short term picture keep stoploss for longs at trendline breakout
ie 6300 for any buy in dips.
Regards
Rish
Hi I had made an attempt to counting wave from real long term perspective
ReplyDeletecan you provide something on such timeline.
http://learnthetrick.blogspot.in/2013/03/is-nifty-now-ready-for-wave-3.html
Hi Yagnesh ,Wave three count is the one i also have for a super bullish count ,We need to see how nifty does next week to see what strength nifty really has to take wave 3 count seriously.
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