Thursday, April 17, 2014

elliott wave update

    every one knows 5 waves are over in nifty. but most important is the next trend identification.

>>> Click on chart to enlarge it.<<<

Wednesday, April 16, 2014

Trading with chart

"Chart analysis (also called technical analysis) is the study of market action, using price charts, to forecast future price direction. The cornerstone of the technical philosophy is the belief that all factors that influence market price - fundamental information, political events, natural disasters, and psychological factors - are quickly discounted in market activity. In other words, the impact of these external factors will quickly show up in some form of price movement, either up or down."

Tuesday, March 25, 2014

Bank nifty

Bank Nifty

After Flat pattern Bank Nifty moved higher than previous high.
any movement below wave c will confirm decline and sideways market move(s).

Monday, March 24, 2014

#banknifty elliott wave count

Bank nifty still impulse left.
 Above wave counting on 5 min chart.
trend is up in bank nifty............

Friday, March 21, 2014

cnx it elliott wave update

cnx it index show clear path of decline in future.
movement will soon change the shape of cnx it index.
wave 4 will end soon and trend will remain continue for wave 5 down.