NIFTY ELLIOTT WAVE INTRADAY UPDATE

WAVE A OF 5 WHICH IS EXTENSION WHICH COMPLETE  WAVE A NOW NIFTY IS MOVING TOWARDS IT'S WAVE B. WAVE B CAN RETRACE AT .618 OF WAVE A. PARALLEL  TREELINE OF WAVE B SHOWS CLEAR PATTERN ZIGZAG (DOUBLE , TRIPLE ?). INVALIDATION TO COUNT 6230 . SUCH PATTERN DEVELOPMENT TAKES TIME TO DEVELOP.  MORE UPDATE SOON................

NIFTY ELLIOTT WAVE

NIFTY ELLIOTT WAVE
NIFTY IS MOVING TOWARDS IT'S [V]  WAVE TO COMPLETE IT'S FINAL MOVE OF WAVE 5 (EXPANDING DIAGONAL).WAVE COUNTING CONTINUOUS WITH LAST POST.
MORE UPDATE SOON........... 

NIFTY ELLIOTT WAVE UPDATE

ELLIOTT WAVE UPDATE
LOOKING AT WAVE PATTERN IT SUGGEST EXPANDING DIAGONAL IN WAVE 5.WAVE i AND WAVE iv IS OVERLAPPING THE WAVE. WAVE iii OF 5 AND WAVE iv OF 5 RETRACEMENT OF 1.618 @ 6204.SO UPSIDE MOVE OF THE TREND CAN MOVE TOWARDS 6204.CONTINUING WAVE COUNTING OF http://niftyelliottwave.blogspot.in/2013/05/nifty-elliott-wave.html . LAST POST OF WAVE COUNTING ALSO COUNTED IN ALTERNATIVE POSSIBILITY .WAVE COUNTING CONFIRMATION AND INVALIDATION POINT WILL BE NOT MENTION IN CURRENT POST SUCH PATTERN NEEDS TIME TO DEVELOP,WAIT FOR THE COMPLETE TREND TO OCCUR.

NIFTY ELLIOTT WAVE UPDATE

TODAY'S UP MOVE WILL BE A WAVE B OF IRREGULAR FLAT. OTHER ALTERNATIVE POSSIBILITY SHOWN IN ABOVE CHART.(CLICK ON CHART TO ENLARGE IT.) WAVE C WILL BE THE MOST INTERESTING WAVE TO WATCH OUT IT COULD BE FAIL MOVE OF IRREGULAR FLAT OR IT WILL BE COMPLETE IRREGULAR MOVE CAN TAKE PLACE. FORECAST IS CONTINUED WITH  LAST POST OF WAVE COUNTING ON NIFTY http://niftyelliottwave.blogspot.in/2013/05/nifty-elliott-wave.html  MORE UPDATE SOON...................

READER'S NOTE: FOR READING ABOVE CHART AND WHAT  WILL BE PRESENTED IN CHART ONE SHOULD HAVE KNOWLEDGE ABOUT ELLIOTT WAVE  THEORY AND BASIC TECHNICAL KNOWLEDGE.