EW analysis of Nifty

2017년 9월 24일

I am considering 2009 dip as the starting point for the analysis. So as per the analysis, sub wave iii of wave (v) of wave [iii] is either going on or completed.

now, wave iii is at the 100% fibo extension in.tradingview.com/x/Ht9HlEPf/.

here is a probable count for the fractals of wave iii,which suggests that wave iii is complete and iv is started https://here.https://in.tradingview.com/x/vVGsGLxT/,

regular bearish divergence formed recently, which is suggesting that wave iii is completed. in.tradingview.com/x/REK9x3se/,

occurrence of flat correction is high in wave iv, and it seems, a flat correction has started here. but flat corrections don't do deep retracement, here are the retracement levels to watch for

2017년 9월 29일

노트

price bounced from horizontal support

2017년 10월 3일

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probable move in weekly, in.tradingview.com/x/58piKQa5/,
wave iv can push the price to 9200-9600 level.

2017년 10월 3일

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after wave iv , last leg of impulse i.e. wave v can take the price towards 10800+ levels.

2017년 10월 3일

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here is the probable move in monthly time frame

2017년 10월 12일

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there was a nice bounce from the horizontal support,

2017년 10월 12일

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now nifty looks bearish, trend line support broken , then it tried to retest the broken trend line , and bearish engulfing formed while retesting it.