This topic contains 3 replies, has 2 voices, and was last updated by Ashish Kyal, Author, CMT 1 day, 17 hours ago.
- 2nd January 2021 at 11:14 am #244598
Nifty being in the last diametric and Leg G , can potentially reverse to the downside with stoploss 14330 , can it hit 13000 by Jan end ?
- 7th January 2021 at 5:52 pm #244980
max it can reach to 14366 , being wave equality with wave a of the last diametric pattern , if we add 1235 to 13131 ( bottom of wave f) then probable target is 14366 , the level also coincides with 1.382 retracement of wave B ( 7511 to 14366 ) wave A being 12430 to 7511. This is a probable target on the Nifty , I think Bank Nifty will give the final push towards double top of 32600 ( Feb 2020 highs) which will give a bit of a push to the Nifty towards 14366.
- 13th January 2021 at 1:35 am #245310
The count no longer stays valid as nifty has gone past wave A and G similarity in time and value
This is the problem with neo and Elliot waves that acts as a speculative forecasting tool
- 18th January 2021 at 2:57 pm #245614
Ashish Kyal, Author, CMT
There is no rule that wave g cannot go beyond wave a. There is just a guideline that wave g tend towards equality with wave a.