rvlv said:
can somebody post some logical basis into this dream ?
what does elliott wave say?
what does fibonacci say?
trendline -does any trendline support this theory?
rvlv
Hi rvlv,aqua2006,
No dear its not my dream my dream is 20000
. as far as elliot wave is concerned acc. to
techni trade of Rohitb
The first wave of correction was from 12671-8799 with downtrend. The second wave of correction (currently
ongoing uptrend) is from 8799-11081. Earlier it was 8799-10940 but as the Sensex crossed 10940 so the rise
from 8799-10940 is still a part of the rise from 8799-11081.
We need a confirmation of the end of this rise from 8799-11081. If Sensex sustains 11081 in this week then we
can expect a rise to 11200, 11703 and then 12187.
and if it achieve 12187 than the next targate is 13000.(by me)
Ahmed