Trendonomics by Harsh Dixit

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@loneranger35 It's not a Flat Pattern. Neither the Fall from 26277 was in 3 waves form. Nor the Rise from 21747 was in 3 waves form.

@TrendonomicsHD As per monthly view, new high was achieved in 3 waves, hence Correctionary in nature... Pattern = irregular flat suggesting that bottom of 21760 odd levels will be breached. Pattern = huge wave 4. 26277-21760 - A 21760 - 26400 - B 26400 - bottom below 21760 = C (End of wave 4)

#Nifty Alternate Wave Count bit.ly/3BHBmuO Double Bottom near 22400 And Bounce Higher for Trend Change. Overall expecting whipsaws No trend will last for longer period. Base Formation before Bullish Trend Change #Elliottwave #StockMarket

Next 2 months #Nifty will be in consolidation for base formation 27000 will be hit before year end.

#Nifty I have clearly given my view much earlier. There won't be any trending move. All Rallies will get selling pressure. But they will get buying on lower side. Mkt will witness whipsaw and Overlapping structure. A base formation in 2 months.

@StonedTraderz Yes. Selling pressure will be more. So all rises will get 50-61.8% retracement. Making structure overlapping

@TrendonomicsHD Expecting Diagonal in wave 1?

The rise is 3 wave. Not 5 wave. Hence I'm marking it as a Diagonal Not and Impulsive Rise. bit.ly/3BHBmuO Diagonal is motive rise with overlapping structure. Mkt to witness overlapping structure over next 2 months #Nifty

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#Nifty Retraced 61.8% Again next leg of rise shall resume.

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#Nifty Every Resistance is Respected Every Rally is Retraced min 50-61.8% bit.ly/3BHBmuO That's Normal behavior after Bear Market As I already said don't expect V shape Rally #Elliottwave #Fibonacci PS: Not a Buy/Sell Recommendation

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Nifty will be at 32k sooner rather than later. Nifty 30k Dec CE is trading at 100 Market is literally offering you 20x This should be the easiest money of your life. You don’t need patience right now, you need position.

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