Thursday, June 06, 2019

nifty chart

Lets look at the nifty count ,We still have a bull count .

Lets analyse it.

We can see a clear impulse ,After election result the move became bit complex and gave multiple signals. The new high nifty made was in fact the b wave the aka expanded flat pattern .So the potential of fall is still here towards 11600 ,Below which we fill the gap till 11400+-30.

Looking to revisit this count soon as the move matures.

Saturday, May 18, 2019

Nifty and bank nifty charts

Friends with election results nearing the stock market activity has increased.
Lets see what chart structure shows.


The nifty from top is still a impulse down possibility on as long as 11560+ is held on upside .The red is bear count and bull is green count .Lets see which way market tilts.

Bank nifty.

The bank nifty the overlap is already seen so here the only count for now is abc. Above  29500+ 
banknifty is quite strong .

Lets see how they behave next week :) 

Thursday, April 25, 2019

Nifty chart

Nifty wave structure ,Nifty has been trading in a small range for some time,
Thought the move is fast within the range .
Lets see the wave count.

The green one suggests the bull count and the red one is bear count.

Overall the range can hold for max few days range expansion is coming soon.

As long as 11570-60 holds expect nifty to retest today high .

The bearish red count negated if nifty scales new all time high.

Monday, April 08, 2019

Nifty chart update

The move is maturing ,Had posted counts here Nifty chart.

Lets see the current picture.

After 5 down we had a  abc up which retraced near about 78.6% of the fall.
Now the C down is on which can go towards 11520-11500 levels .We would recheck
about any stretch if at all at those levels .