Hi friends,
I would be actively posting my analysis and calls again.
Almost after a year,
Happy blogging.
RESEARCH REPORTS
I would be actively posting my analysis and calls again.
Almost after a year,
Happy blogging.
RESEARCH REPORTS
Tuesday, January 29, 2013
Friday, March 30, 2012
>Nifty Analysis April
Nifty hits the first resistance area of 5650 and remained below that.
According to the wave structure we are probably in B leg .A finished near 5630
We are witnessing a messy fall from 5630 .I have resolved it as a triple zigzag
wxyxz.
The above chart shows triple zigzag .Ideally if nifty fails to go above 5400
we should witness 4900-4850 levels in Z leg.
RESEARCH REPORTS
According to the wave structure we are probably in B leg .A finished near 5630
We are witnessing a messy fall from 5630 .I have resolved it as a triple zigzag
wxyxz.
The above chart shows triple zigzag .Ideally if nifty fails to go above 5400we should witness 4900-4850 levels in Z leg.
RESEARCH REPORTS
Sunday, February 26, 2012
>Nifty elliotwave analysis feb 27th
As for the previous post had expected nifty to stop near 5650 or keep going up.
It has stopped near 5650 and profit booking emerged .Read old post (NIFTY)
Now on the downside 5370-50 is a good support band if this is saved nifty can attempt
rise towards 5550 and well may end up making a lower top by this weekend.
lets see how waves unfold by this weekendthe picture would get lot clearer.
Many midcaps which had spiked violently are cooling off ,Its prudent to wait till
nifty shows upside strength .
RESEARCH REPORTS
It has stopped near 5650 and profit booking emerged .Read old post (NIFTY)
Now on the downside 5370-50 is a good support band if this is saved nifty can attempt
rise towards 5550 and well may end up making a lower top by this weekend.
lets see how waves unfold by this weekendthe picture would get lot clearer.
Many midcaps which had spiked violently are cooling off ,Its prudent to wait tillnifty shows upside strength .
RESEARCH REPORTS
Thursday, February 16, 2012
>Nifty elliottwave analysis
We witnessed a maddening rally in nifty which even overshot my estimates.
I had 5250 in my mind (NIFTY )when i had posted my wave counts.
Well now since we have overshot those levels and even the slanting down channel
has broken up ,I assume WXYXZ was done near 4531.What we are witnessing now is a
new wave.
The upmove from 4531 is corrective in nature i cannot lable it as a impulse atleast
i am not able to,Would reckon we are making a bigger X or B ,Which can top between
5650-5951 and then we again start a multimonth downmove to a new low below 4531.
The above chart shows my view this is count is still in its earlier stages ,Would refind it
as we reach for apex or i get more confirmation.The X or B wave structure is debatable
need more time and wave structure to justify it can directly go to 5650-5950 or can go after
a dip we will know that in coming days.So till next post keep fingers crossed we are entering
a important phase .
RESEARCH REPORTS
I had 5250 in my mind (NIFTY )when i had posted my wave counts.
Well now since we have overshot those levels and even the slanting down channel
has broken up ,I assume WXYXZ was done near 4531.What we are witnessing now is a
new wave.
The upmove from 4531 is corrective in nature i cannot lable it as a impulse atleast
i am not able to,Would reckon we are making a bigger X or B ,Which can top between
5650-5951 and then we again start a multimonth downmove to a new low below 4531.
The above chart shows my view this is count is still in its earlier stages ,Would refind itas we reach for apex or i get more confirmation.The X or B wave structure is debatable
need more time and wave structure to justify it can directly go to 5650-5950 or can go after
a dip we will know that in coming days.So till next post keep fingers crossed we are entering
a important phase .
RESEARCH REPORTS
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