Monday, September 21, 2015

Nifty Update: 20-09-2015 by Rajesh

4-hour Chart

As said in my previous post https://rajinbrussels.files.wordpress.com/2015/09/nifty-05092015.png ,
we have reached to all target point. I see wave '4' matured. We should soon start final wave 5 downwards which should take it below wave '3'.

Trend 
4th wave near completion. Soon 5th wave to start which should take it below wave '3' (minimum target)

Technical
If indeed, 5th wave starts, then end of this wave could be identified as divergences (between wave 3 and 5) in MACD and RSI.

Note: we are following 4 hr chart for this complete wave

1 comments:

Mahek Tiwari said...

The crucial resistance for Nifty is now seen at 7895 and above this 7925.
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