Nifty wave count

Nifty impulsing down.

Today second gapdown characteristic of 3rd wave.

5th of 3rd from yesterday high..

Nifty wave count

Nifty volatility has increased in sept month ,I had posted 

nifty wave count . Its turning out to be abcde .Lets see the current 

situation.

Cluster of support in range 11180-70,Also a old gap fill :) lets see how nifty behaves .Expecting bounce in any fresh panic in nifty .Lets see how nifty behaves!!.

Nifty elliott wave counts

Nifty volatility has increased offlate ,Moves have been big.

I had posted nifty elliott wave counts it turned out to be 2nd

case with stretched c down below 11300 and went till 11250.

Lets see the current chart situation.

This is abcde move which has potential of a new low below 11250.Today nifty filled the gap 

it created on friday.Lets see the other bearish to sideways count.

This is sideways count with nifty saving 11250 and heading higher than 11500,At this point both are evenly poised lets see how nifty travels distance this week.

Motherson sumi elliott wave analysis

I had written about this stock a month back ,Look at

the old post Motherson sumi elliott wave analysis.

The wave turned out to be a X wave as was discussed in old post.

We can see from the chart it tested upper trendline and fell back and is now dragging spending time .Overall a good buy above 320 or we buy near 260 ,Good parallel channel correction on.Keep this stock on radar.