Piyush_Patil_

Piyush_Patil_ Updated 

A-B-C zigzag completed. X-wave in formation. Possible continuation on 11th November Time Cycle Bottom Day after Higher breakout on today's high. Minimum target 24778.

Piyush_Patil_

Bullish View: The c-wave internal structure of the triangle's e-wave, will continue to rise and the possible pattern Nifty is forming could be a Diametric pattern. That would then mean the e-wave of this diametric pattern will continue and the next fall would be the f-wave Bearish View: The e-wave ends near the upper trendline (need to monitor the resistances...

Piyush_Patil_

Y-wave fall post X-wave triangle completion. Need to monitor the resistance near the upper trend line. Possibility 1: The fall would be the start of Y-wave Possibility 2: The fall could still be d-wave in progress (inside the triangle)

Piyush_Patil_

Either this is the point of reversal.. or one more move upside and then bleed.

Piyush_Patil_

Major support broken. Near term targets: 1st Target achieved. 2nd target (gap fill) Also the neckline of the Larger Head and Shoulders on the top has broken. Nifty will soon reach 8000 levels.

Piyush_Patil_ Updated 

Nifty is exactly on the black trendline currently. Triangle is either completed or is not. If it is the red line possibility.. the fall will continue.. and if it is the pink line possibility, then bounce.

Piyush_Patil_

Only faster retracement in one of the directions will tell. Faster retracement downside, will signal start of the Fall. While faster move upside from that region, signals "g-wave" still in progress. (possibly c-wave extension or forming a diagonal)

Piyush_Patil_

Look for sharp bounce from this region.

Piyush_Patil_ Updated 

Diametric pattern at the end of the larger degree E-wave. Diametric patterns usually aren't fully confirmed until a decisive change in trend. Here, there are two possibilities. 1.) The larger degree fall has begun. 2.) The fall is just part of the f-wave and the g-wave is yet to complete.

Piyush_Patil_ Updated 

z-wave continues to form a diametric pattern current downside leg = f-wave next upside pattern = g-wave and then the major fall!

Piyush_Patil_ Updated 

Internal z-wave looks like forming a triangle. Look for sharp reversal after completion of z-pattern.

Piyush_Patil_ Updated 

e-wave of the Expanding Triangle is forming a complex correction. z-wave of the complex correction is in progress. z-wave has just begun with its internal a-wave. It is now crucial to see what pattern it forms. The c-wave drawn at end may or may not form a diagonal. This is just a possibility. There are many other possibilities for z-pattern.. But this...

Piyush_Patil_ Updated 

Breakout downside will trigger the fall.

Piyush_Patil_ Updated 

Double correction in Nifty is near its completion. Final leg of the Neutral Triangle is in progress after which the Bear Impulse will begin. It is now very important to see whether the e-wave will form some pattern or will end near the channel resistance.

Piyush_Patil_

Stock bounced from 78.60% Fibonacci retracement. 1st wave of the next impulsive structure looks completed. Monitor 2nd wave corrective pattern after which wave-3 will start.