Wednesday, March 5, 2014

Nifty Wave Count

Nifty Elliott wave count



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

Sunday, February 23, 2014

Cnx Psu Bank (India)


Cnx psu bank index (India) update.

Psu Bank Index shows clearly 5 wave decline.
current trend of psu bank index is up in a-b-c or alternative (motive wave in one larger degree wave count)
wave ii is sharp and wave iv is triangle. and completing degree of wave in 5 wave sequence .
   

Thursday, February 20, 2014

Bank Nifty Elliott Wave Update


Bank nifty has clearly moved in 5 wave sequence (motive wave).followed by three corrective wave which is currently in progress.most probably it could be zigzag. other probability flat variation.

Sunday, February 16, 2014

Bank nifty Elliott Wave Count


Bank nifty ended with Five Wave Decline.New trend to watch out.
in above chart wave (ii)  is Flat and wave (iv) is sharp Zigzag .
and wave V truncated. new wave to watch in a-b-c and with alternative of 1-2-3-4-5.