Elliot wave counts

Wondering if the downside for Nifty is over...Waiting to see if my counts are correct

Hello Jai,

Good to see you back here after a long time if i am not wrong!!!

Regards
Mohammed

Bajajhind tick EW count

Thank you Mohammed...I have had a long lay off from this forum...Its good to be back with the posts.

Regards
Jai Shewaramani

Watch out for the return of the C wave, most of the time it is very impulsive and abrupt.

Nifty Daily chart

Please enlighten our poor minds.
What does the Ellio Wave says? is that over..?
Reversing?

On the daily charts, it seems we are in Big Wave "B"...this can retrace anywhere to 5400, 5600, 6300 or more depending on the type of corrective structure it forms....but it should come down again to complete Big Wave "C"...so treat this rally as an exit rather than an entry...

Incase, if im wrong, we'l have to re-count the waves at a later on stage...

Happy trading,
Jai

Take this rally as an opportunity to exit...We are in wave B, we should once again go to the recent lows in the form of wave C

Hi Jai,

I am told by some people that Elliott wave correction is over, can you tell me if this is true or we are going to see a downslide, as I am told that the correction (crash!!!!!!!!) occured due to liquidity problems and since now the liquidity will come back to the markets with all big IPO's refunding money-back so we will be heading for a rally before budget, can you please explain me, if the pain is over or we may see again a downslide as shown in the Elliott-waves.