The alternate count for nifty…wave 3 of first wave is likely to get completed near 11366…this is also near 78.6 percent retracement of entire fall
Please see Divis Chart It is sustaining Green zig-zag line. The moment it crosses the red channel a new uptrend is in place and probably worst is over for the stock
2 Likes
After making a panic low, Divis sustained my indicator and one can see the ferocity with which it took out the resistances. Now I think worst is over for the fundamentally sound stock. This is how one can combine TA with FA
2 Likes
YEAH…this is main wave count being followed since march bottoms…
but problem with this is that it’s not in sync with world markets
September saw major correction in Europe & other markets…
They have completed wave 1 that time & started with wave 3 in november…
So for nifty alternate count is that current move is wave 3…However it does not look obvious to eyes
1 Like
Bumping up the thread. Considering lot of complex waves created in last 3/4 months (patterns of ABCs or WXYs within ABCs), can we see if we can get a latest Wave Analysis on the Nifty?
Thanks!