Nifty Not holding 11500, will it fall to 11200?

padiyaraa

Well-Known Member
#11
Above was an Hourly chart.( it is shown 60 min in the top let corner.)
A Built in Elliot wave count is not possible as far as my knowledge allows.
Waves were manually labelled on chart, based on personal experience and it is a hypothetical view always. There may be more different possible wave count, but depicting or discussing all, together is not a good idea, hence it is better to bring forth to discussion, the best possible scenario. Sometime the assumed count may not develop into what we expect or it may go extended , at that time one has to change the count to the next possible scenario. That it how it works.
 
#12
First two candles in the morning will tell the story of Nifty. If it denies the trend of today's last two candles then it will be surprising. Though the last candle is telling something else.
 
#13
Above was an Hourly chart.( it is shown 60 min in the top let corner.)
A Built in Elliot wave count is not possible as far as my knowledge allows.
Waves were manually labelled on chart, based on personal experience and it is a hypothetical view always. There may be more different possible wave count, but depicting or discussing all, together is not a good idea, hence it is better to bring forth to discussion, the best possible scenario. Sometime the assumed count may not develop into what we expect or it may go extended , at that time one has to change the count to the next possible scenario. That it how it works.
Thank you so much.
 

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