PREFER-ED WAVE COUNT- WAVE 5 NEAR AN END OF IMPULSE.
CURRENT TREND- UP
CURRENT WAVE NOTE- WAVE 5 CAN BE DIAGONAL,TRUNCATED (FAIL),NOT EXTENDED BECAUSE WAVE 3 IS EXTENDED
NEXT WAVE POSSIBILITY- WAVE A
FIBONACCI LEVEL FOR NEXT WAVE- STILL DEGREE OF IMPULSE IS NOT COMPLETE ANY MOVEMENT BELOW 6150 WILL CONFIRM WAVE 5 CYCLE IS OVER AN WAVE IS IN CORRECTIVE MODE.
TREND-LINE- PARALLEL LINE IS TO WATCH OUT.
SHORT SUMMARY- DURING DAY TRADE ANY MOVEMENT BELOW 6250 WILL TRADE IN BEAR SIDE.
# ALTERNATIVE WAVE LABELING IS NOT MENTION ABOVE.
FOR QUICK UPDATE LIKE US ON - https://www.facebook.com/NiftyElliottWave
TO STAY UPDATED.
2 comments:
Today NIFTY open at 633.70 with the loss of -5.11 (-0.80%) point.So can you tell me the trend of market for this share price
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