Friday, October 26, 2018

Nifty wave count

Nifty indeed looked to me as 4th was on and till the gap at 10800 remained open 
it was giving confidence .My last post nifty wave count

Lets see the present structure .

Looks to me we are in 5th of the impulse down which started from all time high,The fall looks quite laboured as we are drifting down.Positive divergence is visible in RSI.Monday would be a interesting day.Any fall to 9980 or below looks to me could attract lot of buying .Afalling wedge like structure is visible in lower tf .

Thursday, October 18, 2018

nifty wave count

Hi friends,

In last post had anticipated 5th of 3rd happening. Nifty wave count .
Nifty finished 5th of 3rd wave and started 4th up.Lets see the present structure.

Lets see this anticipated 4th up closely.

We have done abc at yesterdays top,This fall could be a d wave fall ,Need 1,2 days price move to further anticipated the structure overall till the gap 10800 remains open ,I am more inclined towards a 4th wave rather than the popular notion of B up. Nifty should clear things up in next few days i think:).Till then play light volatility is on rise again.

Thursday, October 11, 2018

Ibventures elliottwave count

Offlate the darling of bulls
Ibventure has been in continuous lower circuits.
Lets look at its wave pattern .The stock has risen nonstop
from 20 levels.

The stock looks to have completed a big 3rd wave near 800 levels.
And now falling in 4th wave .Stock has got clear waves on chart ,Though the fib extensions are not matching quite understandable looking at the velocity of rise.Overall i doubt the stock going below 250.Let the pattern emerge.For now it looks the mighty 3rd wave is done for now in this stock.

Nifty wave count

Nifty impulsing down.
Today second gapdown characteristic of 3rd wave.

5th of 3rd from yesterday high..