iCharts Discussions

[nsinojia]

[marne.vivek]

Let the charts do the talking....

[nsinojia]

[marne.vivek]

For academic purpose

[marne.vivek]

Nifty / Bank Nifty / Junior

Let the charts do the talking..

@ninja bhai: here are nifty charts..

[rvg]

Thanks.. interesting charts..

[marne.vivek]

India FMCG Companies

HUL
ITC
Marico

Let the charts do the talking...

[sherbaaz]

Hi Vivek/Nsin,

Attached is the EOD chart of NF with major EW. I am still learning so very high probability of making mistake.

Plz give your inputs.


regds,

[nsinojia]

[marne.vivek]

@Sherbaz / Ninja Bhai: here is how i see things
@sherbaz: Sorry for delayed reply

Here we go with nifty wave counts.

I looking at 'wave scenario 1' for Nifty. That is what is preferred scenario. I think that Nifty can do a triangle structure as it would fit the Rule of Alternation. The wave 2 up was a sharp near 80% retracement, which I think shall need to a rather sideways action for wave 4 with a retracement of 38.2%. The 38.2% retracement is approximately 5600.

Moving on to Scenario 2: Nifty can still do a zigzag in this structure.

Alternate 2: This scenario we are looking at zigzag. Assuming wave C is equal to wave A, then we can look at 5672. As mentioned on the chart, as long as the wave are not overlapping meaning wave 4 is not entering into territory of wave 2 and wave 1, we are looking at an impulse structure down.

Alternate 3: Now, there is a rare case there is a possibility that wave 4 can enter into territory of wave 1, which is a Leading Diagonal structure.

Now, lets look at an alternate scenario, which is a rather bullish structure.
The counts marked in RED CIRCLE are larger degree, then counts roman numerals WHITE font and ORANGE squares are of inner degree and finally the orange FONT with smaller font size is more internal count. This a rather wave bullish outlook, based on which we may have started wave iii of wave 5. If this count is something that can occur, then we are looking at massive massive upside on Nifty. To put things in perspective, the wave 1 up was 1572 points and the third wave can even reach 7690.

I donot understand what can of fundamental triggers exist to justify such a move. Only, reason such upside can come is via massive fund infusion in stock market. This can possible if Ben Bernanke does a QE 3 (which is an asset purchase program in which massive amounts of funds are infused by only printing US Dollars) in the US and the money finds its way to all Emerging Markets. This rise shall be something absolutely massive with high Precious & Base Metal prices coupled with high Agro-Commodity prices.

[sherbaaz]

[sherbaaz]

[tripathi_manu]

An interesting similarity is observed in nifty spot.
Market is replicating its moves.
Please note in the attached daily Chart. From 1 to 11 the reversal points are given two times.
Price movements are just same in both counting.
Compare 1 to 1,
2 to 2,
3 to 3,
4 to 4.
5 to 5 …………..
And so on till 11 to 11.
We observe that market is just replicating its move. from 1 to 11 it is carbon copy.
So natural next target is 11 i.e. 5700.
Off course it is not Elliott wave or anything. It is just similar move.
MV Sorry to print out of the box matter in your thread.
Regards.
Mantri (manu tripathi)

[girishhu1]

hi,
i am not able to see any chart in this thread? anything wrong with my brouser?
regards,
girish

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