Master..2 minutes intraday wave counting please....
Dear Ilango sir,does this downmove from 6158 looks like a 5 wave downmove?
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-6099, R1-6128, R2-6166, VWAP-6172Nifty in consolidation mode after the huge gap-up, holding on to the gains till now, but need to take out 6158 NS, the R3 and the 50% retrace level for more bullish momentum…Thanks & Regards
Seeing huge gap ups, gives the feeling of 3rd wave.
@ Aly,It is corrective.A 5 wave upmove done from 6041(Thursday's afternoon low) to 6158 (today's high).Bullish: 6114 6100 ... is 38%-50% retrace of the last rise from …… 6041 to 6158 80% is - 6064 If strength to return again, it should be around 6114 6100 Weakness gets confirmed Below 6100 OR 6064
Double top? ??
Thank you sir for the clarification
@ Prabhanshu Raman,It is an irregular flat correction as long as "6133" holds.
Gaps should be filled in 2days .means todays is now 2nd day
As of now, NR7 day for NIFTY, BankNifty and MidCap.
New Post Done.