Good morning Master & Blogmates
The (v)th wave is unfolding from 7675 as suggested in Pre-Market View.7675 to 7723 rise got retraced by just 38% at 7705.From 7705, the target for the minor iiird wave would be minimum 7705+(7723-7675=48)=7753 and 7782(1.618 times the ist minor wave of 48 points).Now, pay attention to the rise from 7705.
@ Prabhanshu - IDFC rising wedge targets still on?
Bharat, yes either tgts or sl ;-)
Dear Sir,This (v)th will complete five waves from 7422?Thanks
lol.ok ! :-)
@ Raman Kapoor,Yes. A simple view is that the "v"th wave is for the rise from 7422 and vth itself has started from 7675.Alternative would be "waves sub-dividing as 1, 2, (1), (2), i, ii "...
1, 2 = 7422--7524--7459(1), (2)= 7459--7655--7596 i, ii = 7596--7722--7675iii= 7675-- xxxx
We are going to make new highs. Need one arrow to hit the target for a winner.
Day Low : 7704.80 Day High : 7748.70 Range : 44 Points Day Pivot : 7693 Hr. Pivot : 7735Currently above Hr. Pivot @ 7735 and above Day Pivot @ 7693.NS a Century-n-Half above D JNSAR @7583.NS above Resistance1 Cluster @ 7711-7725 for agressive trades.NS currently hovering around 7740. NS in BAH mode in Hr. T/F & in BAH mode in Day T/F.BAH = Buy And Hold
sir, is rising wedge in nifty still valid...what are the implication
@Master,Daily MACD Trigger???
Sir,BN is not moving that much. Could that make this upmove of nifty as B ?
New Post Done.