Waves A and B of the triangle wave are complete. By Monday or Tuesday, an upward move in form of wave C shall start. All the best.
The Triangle wave is going to be complete. A reasonable target of 16340 would be fine. happy trading.
Bullish divergence. Positive news of merger with LTI. The uptrend should start on Monday.
WAVE Y is complete.RSI is showing bullish divergence. Time to enter the stock. all the best.
We are in wave A. there will be 50% retracement in form of wave B. Then again we will have a downward move in form of wave C. Which can be traded. Wave A and Wave C are the best waves to trade.
Very good setup for shorting this stock. 3-3-5 flat corrections are going on. RSI is also showing that the stock is overbought. all the best.
I have two views on nifty. FIRST, there might be a triangle wave as wave C and then we will have a decline in form of five waves. SECONDLY, if wave C is over then we are in for a five-wave decline as wave C is .618% of wave A.
RSI is showing clear divergence. Five wave move is up. ABC CORRECTIONS are starting, very good opportunity to short.
THE 4th wave corrections have come within the price territory of the 1st wave therefore wave five will not come as the basic rule of the wave theory is breached. The formation is likely to be a triangle and we are in for the next move up after the triangle is complete.
Wave 5 is in the progress. ABC corrections should start soon. all the best. happy trading.
ABC corrections going on. we are in wave c. thereafter decline in form of five waves will start.
ABC corrections are going on. After these corrections are over there will be 5 wave decline which will complete the whole triangle. happy trading.
FIVE wave decline in form of wave A is more or less over. The reversal in form of wave B should be at least 50% of the decline. After the reversal, there should be more decline in form of wave C and that will be......
I SEE a flat correction in the chart. happy trading. all the best.
I have applied the "Kennedy Channeling technique" on the chart. we should have wave five soon. happy trading.
I see an ending diagonal pattern appear in the 5th wave. The reversal in the ending diagonal pattern is very swift. very good opportunity for shorting.
FLAT correction is in progress. Wait for the pullback. Wave five can be traded.
Triangles are developing on wave 5. wave A of the triangle wave is complete, we are in wave B. all the best. happy trading.