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..

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.