Dow Jones Ellliott wave

NIFTY IT

Nifty IT index fail to perform comparing to Nifty, Banknifty and many others.

Many newspaper highlights shows end of growth for IT and Pharma company.

But looking at NIFTY IT chart we can see falling Channel line, here many IT stock showing similar pattern and all set for next degree 

Here is a Cognizant Technology Solutions Corp

10 year chart

5 year chart

See the elliott wave degree 

                                 see what NIFTY IT shows 

NIfty IT

                                  Similar story across globe 

                                                       >> click on chart for zoom view <<

NIFTY ELLIOTT WAVE

NIFTY ELLIOTT WAVE UPDATE : 20.03.2017.

NIFTY

CHART TIME FRAME : 60 MINUTE

WAVE START POINT : 8860 

LAST WAVE FOLDING : WAVE 3

CURRENT WAVE : WAVE 4

FORECAST WAVE : AFTER FOLD OF WAVE 4, UP FOR WAVE 5 FINAL ADVANCE

INVALIDATION POINT: 8976 

ALTERNATIVE WAVE COUNT NOTE : ( WILL BE UPDATED AFTER INVALIDATION POINT) 

NIFTY UPDATE

NIFTY

supporting trend line, support over

>> click on chart for zoom view <<