Hi friends,
In my last post nifty breaks 6700 ,I expected a retest of 6600 once 6700 was broken
But it reversed from 6665 and went on to make a new high again.
I have adjusted the count a bit to accommodate this rise from 6665.
Lets see the chart.
the chart is self explanatory
the yellow abc in which c
got truncated and after that
truncation we saw a big rally
which usually happens after
a truncation.The rally is
resolved into 12345 where
the 5th is going on accoding
to parallel channel the resistance
comes near 6850-80 levels
I was able to zero in on this count because midcap indices this was seen clearly but in Nifty it
was not clear ,Lets see how nifty performs tomorrow
In my last post nifty breaks 6700 ,I expected a retest of 6600 once 6700 was broken
But it reversed from 6665 and went on to make a new high again.
I have adjusted the count a bit to accommodate this rise from 6665.
Lets see the chart.
the yellow abc in which c
got truncated and after that
truncation we saw a big rally
which usually happens after
a truncation.The rally is
resolved into 12345 where
the 5th is going on accoding
to parallel channel the resistance
comes near 6850-80 levels
I was able to zero in on this count because midcap indices this was seen clearly but in Nifty it
was not clear ,Lets see how nifty performs tomorrow
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