Friday 8 November 2013

Nifty Elliot wave count for recent fall

Nifty Elliot Wave Count




Either correction is over or we are going to see retrace of fall from 6288-6120 to finish green (B) and then one more impulsive wave down to finish the correction (double Zig-Zag). 

Will update again if i find something interesting.Till then "Happy Trading" :) 


To follow Pattern Trading on Facebook Click Here

You can also register your mail id on blog to receive update straight to your mail box.
DISCLAIMER:

All the views and contents mentioned in this blog are merely for educational purposes and are not recommendations or tips offered to any person(s) with respect to the purchase or sale of the stocks / futures. I do not accept any liability/loss accruing from the use of any content from this blog. All readers of this blog must rely on their own discretion and neither any analyst nor any publisher shall be responsible for the outcome.



4 comments:

  1. i see that from recent major low of 5700 to high of 6342 32.8 percent retracement is at around 6096....does you feel the same ?

    ReplyDelete
    Replies
    1. Pankaj ,

      Retracement is still on now from 5700 to recenet top.. tody we finished 50% retrace.. Lets see what price has in store for us :)

      Delete
  2. Hi Sumit, H&S pattern has failed, As I contended earlier, negative divergence has pulled down Nifty by 200 points. Below 6050, Nifty can go still further down.

    ReplyDelete
    Replies
    1. Hello Parimal,

      Yes pattern failed :) , but underlying bullishness is still intact..

      Delete