The possibilities ahead in Nifty
Yesterday i had clearly advised to buy Nifty on dips with SL of 10,400
The link to yesterdays chart is the following -
Now there are 2 Elliott wave possibilities
1) It can go as an ABC pattern
2) It can also go as wave 12345 pattern
If it is going as an ABC pattern , where A & Wave B is presently completed - Then the ideal Target should be around 11,000
If it is going as an 1,2,3,4,5 pattern , where 1,2,3,4 is completed - Then wave 5 should ideally end around 10,700
All critics and sharing of ideas are welcome !!!
The link to yesterdays chart is the following -
Now there are 2 Elliott wave possibilities
1) It can go as an ABC pattern
2) It can also go as wave 12345 pattern
If it is going as an ABC pattern , where A & Wave B is presently completed - Then the ideal Target should be around 11,000
If it is going as an 1,2,3,4,5 pattern , where 1,2,3,4 is completed - Then wave 5 should ideally end around 10,700
All critics and sharing of ideas are welcome !!!
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