raj0778

raj0778

An impulse from 17170 to 17777 followed by a corrective pattern which appears to be a triangle till now. Keep an eye on the base of the triangle, as long as the base is intact and respected Nifty might complete the last wave E of the triangle by 6 Aug and should be headed to 18K. Word of caution, overall pattern as drawn appears to be flat/ extended flat...

raj0778

Depiction on how geometry and angles can predict trend changes much in advance. Chart plotted is that of Nifty (Weekly). Few tops and bottoms have been marked on chart with vertical dotted lines. Upcoming two probable trend change weeks have also been marked. Chart is capable of predicting trend changes till 24 Apr 2023, however lines have not been marked. ...

raj0778

Waves are as marked on chart ... Word of caution for bulls ... Nifty might form a temp top at the resistance zone as marked on the chart .. The temp top might be formed on 3 Aug (trend change date), so wait till that date ... Be cautious in taking long position, however the overall trend is bullish as post correction, Nifty should commence it Wave 5...

raj0778

Waves are as marked on chart. Wave (b) of B is in progress and it appears that Wave B in itself is a flat correction. Hence expecting Nifty to form a temporary bottom either on 17 Jun or max by 18 Jun around the support zone marked in Green on chart. Thereafter, wave (c) of B should commence with min target as marked on chart in Red. Note - Views have been...

raj0778

Waves are as marked on the chart. Chart is self explanatory. Expecting a bounce back till 16800 levels for a sharp decline completing wave 5 at 16250-300 levels Note : Views are for educational purpose only