As per my last post Nifty get Support from 8080 level and went upside but pattern not give view on further upside. I am going to review the wave count and come to the new support at 8035. If coming days Nifty fell to 8035 we can expect lot of buying on this level. The upside should be limited for this month as 8311 and trend will continue on next month also. Wave...
As i mentioned in the last post of NIFTY analysis expecting correction, It happened but due to strength of the NIFTY we got IRREGULAR PATTERN. Still Nifty on corrective pattern for next half of the week. EXACT time and date for NIFTY BUY entry - 15 JUN 2016 --- 09:24 - 10:30 . You can enter this date & time if price near to our support levels for next week ...
In medium term Bank nifty progressing wave b of (c). In that wave (C) wave iii is completed, Bank Nifty fell into the iv corrective wave today. Upto next week we can expect this correction.
As i mentioned last week post DJI fell minor 4th wave correction. In that corrective wave (A) wave could be completed @ 17720. Wave (B) is going to progress target for this (B) wave 17900.
As per our wave count end of 4th and sky rocketed nearly 500 points on nifty. Our extreme wave target for this pattern is 8178, On this enthusiastic run our target reached yesterday. So we adjust the target for this wave pattern as per elliott wave projection, the target 8420 region act as major reversal zone.
As per our last week post about GBPUSD wave analysis on higher time frame end of b wave, but price action not give clear view on further downside. So we recount the waves on lower time frames give another view on this pair, We expect one more leg upside end of this wave pattern.
As per our last post we clearly mentioned (iv) is completed, Dow jones enter into the Final leg of (B) wave. In that final impulse wave, wave 3 is completed. Dowjones enter into the counter trend 4th wave. We expect 5th wave could be extended one, target for this wave 18575.
As per our last NIFTY wave analysis our first wave target 8078 hit by only three days. Wild run on most of the world indices. The above chart we can clearly see short term impulse wave count in that 3rd wave completed. Nifty fell into short ternm sideways into 4th wave for next couple of session. Then we can expect final run of the B wave could start, Reversal...
Nifty along through ABC corrective pattern, in that pattern b of (c) wave is progressing.Second half of the this year not good for stock market. Reversal going to happen on 8100 to 8150 region.
Dow Jones Elliott Wave Analysis As per my Elliott wave count final leg progressing. second half of the year could be very negative for stock markets.
DOW JONES Elliott Wave Analysis As per my elliottwave count US30 completed (B) of c of (iv) wave. Final leg is progressing, Projection for this wave 18575 and expected this as high as this year. Second half of the year could be very negative for stock market.
BEARISH PATTERN FORMING ON HOURLY CHART. ENTER SHORT @ 1.3532 , SL- 1.3600, TP 1 - 1.3375, TP 2 - 1.32928.