iCharts Discussions

[priyaraj]

Dear All,
Posting my views on Nifty based on Elliot wave.


Rajesh

[priyaraj]

Last week Nifty formed NR7 on weekly chart. As anticipated, nifty is in corrective mode forming triangle or complex correction.Below is hourly chart. We can expect breakout this week on upside (preferable count) for last leg (5) of impulse.

Buy above previous high – 8722 (stop loss – 8600)

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[priyaraj]

If current pattern a triangle, then its in final stage of completion. Below is hourly chart. I am writing this today because if this is indeed a triangle and in final stage, then this opportunity can bring returns in multiple times in couple of days. Risk takers can put small money. Remember this is expiry week and short covering can move nifty very fast.

Please refer below link to understand where I am coming from

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[ragarwal]

Wats the name of d blog

[kamal.icharts]

Dear Member,

Please ensure that all posts are in accordance with the rules and regulations of the Forum as mentioned at http://www.icharts.in/forum/forum-usage-rules-und-regulations-t2771.html