I do have the same view that this is either second last or last upmove till 7558 and then reversal.......as mentioned yesterday....i did'nt find any convincing structure in C.3.4 of A B C .....which combined has the capacity to reach 7714 max.....we should see correction till 7230 to 7180 zone...max 7090 in this wave B......holding on to my analysis.
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Hi Abhishek...great analysis every time...i hope we achive these levels at the earliest...can you also pls share your views on Auro Pharma & ITC. thanks in advance.
ReplyDeleteHi Abhishek...great analysis every time...i hope we achive these levels at the earliest...can you also pls share your views on Auro Pharma & ITC. thanks in advance.
ReplyDeleteNifty still looks strong,I don't know if reversal is going to happen soon.
ReplyDeleteWell Smridh, i don't usually debate with anyone on their analysis....i just follow wave structure.....reversal as per me is for sure....and 2 times 52 week low in the span of april to may should happen before we create a new 52 week high in coming 2 years.....i.e., above 9119
DeleteWell Smridh, i don't usually debate with anyone on their analysis....i just follow wave structure.....reversal as per me is for sure....and 2 times 52 week low in the span of april to may should happen before we create a new 52 week high in coming 2 years.....i.e., above 9119
DeleteAbhishek - From 7461 is the last up wave ie 5.v going on Ending Diagonal which will end near 7550? or is it penultimate wave?
ReplyDeleteYes suman 7550 should end the ending diagnol....lets wait.
DeleteAbhishek what's ur view after this global rally...we may open gap up.what will be the nifty extended levels if any before the drop.
ReplyDeleteGope: even if we open gap up...we are bound to fall down to 7200 in this month itself....before any significant down moves...you would often notice that market becomes range bound and starts irritating every trader...that is what it is doing right now....regarding extended levels....max 7714.....but before that i strongly feel that we will fall down.....
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