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Showing posts from November, 2021

Wave 4 correction at finishing stage. Wave 5 can start anytime from 17420-17320 zone.

 Nifty cmp 17400.  As per updated data, latest chart and Most preferred wave counts updated. abc correction which was started at 18600, now coming to end near anywhere between 17420-320 zone. As shown in chart, its a abc corrective pattern , investors no need to get panic, we can see sharp recovery as part of wave 5.  Move above 17835 , we get confirmation of uptrend resumed. ON the down side we get support around 17420-320 zone. Regards, Suryadev Bandari Research Analyst www.earningwave.com

Nifty correction from 18200-17700 almost completed as wave ii. Impulsive rally due from here.

 Nifty fell from 18200 to 17700 zone as wave ii pattern. and Impulsive rally as wave iii can begun anytime from here . cmp 17740. next swing high is at 18345 and 18550. Technically long term trend is still bullish mode. Hence this can be buy on dip market. Unless nifty breaks down 17620-600 zone, bias remains bullish. Regards, Suryadev Bandari Research Analyst www.earningwave.com