iCharts Discussions

[time trader]

dear friends,

i know daily lots of people comes and exits...me too might be one of them....but as long as i am here i would like to get knowledge...and i think this forum is best way to learn......i just started this thread to discuss WHAT THE CHARTS ARE TRYING TO SAY....
If we look at NIFTY WEEKLY CHART...than we can see that nifty is taking rest over 38% fib and a bullish wolf wave has formed it's 5th wave.....on MONTHLY CHART we have abc correction pattern with almost achieved target...and if we get fall from here than we can touch 3800 and if it goes below 4600 than abc formation may be replaced by 5 wave correction which is sign of bear...and if on monthly we are in bull trend than it must correct in abc form.....but PE of nifty is not yet attractive...it must be near 10 to 12 to attract big players.....
so friends what u think...please suggest.....
i also request to i charts expert and sb masters.....

ignor enlish mistakes...