iCharts Discussions

RAKA · White Belt Joined: 10 Jun 2007 Posts: 37

Hi folks,
I had to adjust wave count in my earlier charts. And what I found is rare similarities among the corrective legs. Pl refer chart attached herewith.
wave [d] and wave [e] are almost equal.
wave [c] and wave [f] are equal 607 points each.
So going by this corollary can wave [g] be equal to wave [b] ?
If this is so then tgt of nifty spot is 3120 as per my analysis.
And [g] can be 61.8% of [b] too. So find out the tgt.
And this tgt will be fullfilled in next 9-10 trading sessions.

Disclaimer: This views are for education and analysis purpose only.

RAKA · White Belt Joined: 10 Jun 2007 Posts: 37

trying.

vinst · Black Belt Joined: 09 Jan 2007 Posts: 3303

raka,

your projection needs to be followed up !!

vin

RAKA · White Belt Joined: 10 Jun 2007 Posts: 37

Dear vinst,
Yes. I will keep posting the probable movement of nifty on daily basis throughout the next week. As of now nifty is most likely to make high around 2780 on monday. After that it will fall back. 20th March is the major turning date so nifty will most likey make higher low on that day and then start its journey upwards. The most conservative tgt being 3000.
Happy trading.
RAKA