@chartkingzzz Hello manoj sir. Is that possible that nifty can form triangle on daily time frame as it creates faster swings. Based on past reference from mar 24 to may 24.
@AplombInvest Guys look at 23150-23180. Levels if got rejection from their then their is possibility for intraday high upto 23380-23400. Trail your SL with your profits
@chartkingzzz Wave A will finish at 25491. On. 6feb. Then it will go into traingle making a-b-c-d-e. Then today in wave C. Will will finish between 25253 to 24933. Also we can consider that it can also fill gap that can lead it to 25092. The 50% ratio of 61.8% -100% of wave c
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@chartkingzzz THIS CAN BE THE VIEW FOR COMING 1-2 MONTHS. CURRENTLY NIFTY IN WAVE 2 OF WAVE C OF WAVE B WHICH IS GOING TO FINISH AT 111%. AT 25100-25200 WE CAN LONG TILL 25700 LEVELS TILL DEC-JAN MONTH. THIS VIEW BECAUSE ON THE BASIS THAT THIS LEG TAKE TO MUCH TIME TO BREAK THE LAST YEAR HIGH
#Elliottwave
When wave 1st and and 2nd have the same length.
then wave 3rd and wave 5th may be = Equal in lengthwise.
Lage leg count on top - Wave 5th , so when we get any bearish Single from 261.% then , it will be mature wave.
As per your analysis, what do you think could be the next reversal date or level for Nifty?
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