Wave Strategy Home Forums Trader’s Forum MY NIFTY VIEWS

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This topic contains 11 replies, has 3 voices, and was last updated by  Ramesh Sundararaman 5 days, 17 hours ago.

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  • #220299 Reply

    NEGATIVE DIVERGENCE IN HOURLY CHART (MACD),BE CAUTIOUS WITH LONG POSITION IN NIFTY,POSSIBLE TARGETS ARE 10652/10695/10722/10740/10760

  • #220336 Reply

    Nifty neowave

    WAVE a =7511-9039 (1528 points)

    WAVE b =9039-8056 (983 points)

    WAVE c =8056-9889 (1833 points)

    WAVE d =9889-8807 (1082 points)

    WAVE e (equals WAVE c)=8807+1833=10640

    WAVE f (equals WAVE b)=10640-983 =9657

    WAVE g (equals WAVE a)=9657+1528=11185

  • #221321 Reply

    Ashish Kyal
    Keymaster

    wave e has taken a lot more time and complexity and so looks unlikely as of now

  • #225859 Reply

    NIFTY AT TRENDLINE RESISTANCE,CAUTION ADVICED ON LONGS

  • #225860 Reply

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  • #225984 Reply

    sunil tejwani

    I think the Nifty is nearing its diametric wave pattern , wave g probably extending till 11270 or so. just grinding higher with the generous help of Reliance Industries , which also is nearing it’s target of 2140.  Once wave g is over , in the form of wave B , a reversal sign is what I have been waiting, as frankly speaking I was not in the game of wave B (from 7511 to 11225  till now) not interested to be in at this point of time , to ride a few points on the upside. Rather I am eagerly awaiting start of Wave C on the down side , which will be much easier to ride on the down side. Targets can be estimated for Wave C  , once Wave B is complete and reverses from the top . But surely it is going to break the low of 7511. I hope all other members to ponder over and are free to offer their views . As I know one thing : we can only estimate from our chart readings , we may or may not be correct, some times market may behave differently.

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  • #226418 Reply

    Sanjay M SHAH

    My Elliot Analysis of NIFTY

    My technical study of NIFTY on the basis of ELLIOT WAVES.

    Targets subject to 11037 NOT being broken!!

    I read the present chart to be a minute 4th wave, and we are in WAVE E of an ABCDE(contracting triangle), for which I expect the following
    Yellow line = Mon tgt 11134
    Brown line = 1st tgt 11406 (by 28thjul)
    Green line = 2nd tgt 11509 (~30th jul)

    Would love a critique of my interpretation.

     

  • #228442 Reply

     

    NIFTY TOOK SUPPORT AT TRENDLINE WITH POSSIBLE TARGET OF 11536

     

  • #228443 Reply

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