This topic contains 4 replies, has 1 voice, and was last updated by Rahul Hare 8 months, 1 week ago.
- 30th November 2019 at 8:45 pm #193711
if nifty opens above 12065 it may test 12175
if it consalidates above 12100 and 12175 we may see arally
strict stoploss 12040
- 6th December 2019 at 2:48 pm #194256
wave count helped capture 80 points ..
seems like we are flirting with 11880!! If that is respected on a bigger time cycle ,we will be finishing wave A of the correction leg and will start wave B on the upside ..
range bound will be the story for now 12150-11880
- 6th December 2019 at 5:04 pm #194278
- 8th December 2019 at 3:48 pm #194481
Ashish Kyal, CMT
Hi Rahul, The internal counts does not look appropriate. If you counting 1 to 5 then it has to be a terminal pattern. Try to connect this pattern with the earlier rise.
- 9th December 2019 at 3:13 pm #194562
<span style=”-webkit-tap-highlight-color: rgba(0, 0, 0, 0);”>Thanks </span>Ashish , ok got it .
But even on the bigger cycle ,it ends at c..
and on the corrective pattern ,seems wave A has finished because 11880 was protected. B has now started giving an upside to 12000/12050 and it should retrace from there Wave C and try to test 11880 again..
Bollinger bands is giving a good indication of the move.
Your view ?
on bigger picture ,it will be range bound unless 11880-12150 is protected .
but capturing intraday move possible..