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

Comments

LIVE ON DOORDARSHAN 8 YADAGIRI "BUSINESS MUCHATLU"

Market likely to take a PAUSE.

After our update, Nifty rallied from 19225 to 20095, it appears that, nifty likely to take a pause before another rally. Technically , Negative Divergence formed in Hourly charts. Five inner waves appears to be completed as per Elliottwave Perspective. Several other parameters indicating that markets likely to cooloff from over bought position. It's time to be cautious on taking fresh long positions. As far as possible, keep booking profits, at least , partial profit booking and keep strict stoploss to remaining long positions. Key supports to watch 20000-19870-19700. Resistance 20100-20200. Regards, Suryadev Bandari Research Analyst

Banknifty trend Up.

Banknifty almost completed Sideways correction today around 44550 and turned up. Now it appears to be resume upward Journey tpwards 45700+. Regards, Suryadev Bandari Research Analyst.

Earning Wave

Search This Blog