Continuing earlier post on long-term count in Nifty. Wave 3 in longer timeframe has started. Also we are seem to be in wave (iii) of this wave 3 of long term. In coming months we can see corrective (iv) and final impulse (v) to complete wave 3.
I do not use this wave count to take or exit trades in nifty future/options. I use it as guidance on what is the mood in market. So instead of predicting the next wave I keep track of possible current wave count.
-------- I am not a Registered Financial analyst: 1 Learn the concept, not tip 2 Master 1-2 strategy, stick to it for consistent results 3. For weekly charts, Target/SL takes 1-9mon 5. Strict SL is on weekly closing basis 6. Diversify in at least 20 stocks