"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."
Wednesday, April 16, 2014
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.
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