ValuePickr Forum

Elliot Wave Difficulty/Identifying Waves

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

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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

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Can you please check the same for Alkem Lab…i think correction is over…

Would love to get some views on this in case some one is tracking Nifty waves right now.

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

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