selvamB

selvamB Updated 

After several my calls of NIFTY on bearish view not met ,I thought of my stand may be wrong since the alternative thinking is also necessary in trading analysis.. MARKET ALWAYS RIGHT Bullish sentiment, CORRECTION IN GOLD,More Retail participants, may fuel some more energy to NIFTY up to the MAXIMUM available price target of 11900 . CHANNELING done on VWAP...

selvamB Updated 

CORRECTIVE ANALYSIS WXYXZ TELLS WE HAVE ONLY ONE DAY LEFT FOR FINAL RALLY(THURSDAY 27/8)

selvamB

IT IS STILL EARLY TO DESCRIBE 5TH WAVE TERMINAL PATTERN.(NEO WAVE) HOWEVER WE ARE IN HALF A WAY. DOTTED LINES SHOWS FUTURE MOVEMENT OF DJI INDEX

selvamB

AS per neo wave analysis ABC wave (counter trend) ending on aug 14th. do not follow trend, its turning now

selvamB

Double zigzag correction(WXY) Ended today by confirming (w=y=11382) next is Cwave of on going X wave will unfold for next 5 days(A+B/2=C) Expect 38.2% Retracement up to 10468

selvamB

UPDATE SUPPORTING TREND LINE BROKEN

selvamB

NEOwave time analysis shows we are in bear phase ,whatever may be the reason ,NIFTY will take a trajectory of A,B,C,D,E Triangle pattern. Trade carefully in triangle patterns which are more Pretictable

selvamB

Pending C wave o 4 th will bring nifty to 10360

selvamB

ILLUSTRATED ABOVE

selvamB

UPDATION OF NITY 10300

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DESCRIBED ON CHART ITSELF

selvamB Updated 

THIS is an alternate idea about ongoing NIFTY (B) WAVE NIFTY CORRECTION TODAY (A) WAVE COMPLETED. TOMORROW A RECOVERY(B) EXPECTED UPTO 9578. AGAIN YOU MAY START YOUR SHORTS TILL WAVE 8909

selvamB Updated 

Minimum requirement of 50% retracement completted today.Now today is the final uomove completted for 4 th wave (4a). all negetive news digested here. next week we may see a start of 5 th wave with a gap down on monday, and it may either complete within 2 weeks or 5 weeks

selvamB

Since nifty has to complete its 5th wave(C wave extended more than 1.618 times), the time consumed for 3rd wave is equal to 4th wave i.e on monday 27th april 2020, the start of 5th wave begins, a top formed 9390 and wave 5(1) and 5(2) completed, now 5(3) will bring nifty to 8450, this will take time till may 15 to complete at 8077

selvamB

Market Direction is always defined by price action by FII,DII. wave Which is the final push available for them. NOTE the price action near 9134 everything described in the chart with levels to play .

selvamB

5 TH WAVE emerged if strength is more to beat 26890 then we have hope for long term uptrend for another 20 years

selvamB

Axis bank is a deciplined stock which obeies and respect all chart patterns and elliot wave pattern.this type of stock is good for trading. 5 waves wX,Yx,Z or (12345) COMPLETED and now correction started.wave A COMPLETED AT 325. THIS upward move is flat in nature and wont go more than 506 because the fall is steep. after completing wave B near 506 again it will...

selvamB

GO SHORT AND book TOMORROW everything EXPLAINED