KISS like McGrath

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Hi All,

This is my calculation according to which at this FNO expiry the Nifty will b @ 4350. This is after studying todays Market behavior and open interest in FNO segment.

Happy settlement trading. The wolf is still on and likely to be testing its bottom @ 3500 @ 10th - 12th September' 2007 Correct me if wrong
Sanjyot
 
Only possibility of Confirmed close above 15100 on sensex and 4400 on Nifty will terminate the possibility of W/W. If this happens then this formation will be classic example of running triangle with Very Very V .......strong BULL rally above 15100 with a min appreciation of 2100 points. and 600 points on NIFTY.

JUST Remember my words and trade accordingly.

Sanjyot
 

winstonn

Well-Known Member
Dear Kayan :rolleyes:

Hourly IFCI looks like bullish wolfe. Formed tripple bottom at 'potential
reversal zone (PRZ). see chart :cool:

Regards
Ajax
Hi ajax,

bullish wolfe is not formed, because point 1 is wrongly been identified.
always these points should be important swing highs and lows.

Take care,
Winston:)
 
R

robin_malihan

Guest
Hi,

though the stock has lots of potential to shoot up, there is no bullish wolfe wave, you have set a bullish target with a ' So called bearish set up '.
Please go through the guidelines so that u enrich ur knowledge and make money!

Take care,
Winston:)
thanks for your help .......

and sorry for this chart as this one is a delisted stock
 

Ajax

Well-Known Member
Hi Winstonn, Kalyan & wolves

Agreed, point 1 not clearly defined.. some times u may make exceptions.
IFC did bounce from PRZ (potential reversal zone) after forming tripple
bottom and reached 63.7 (5 paise short of EPA)

Hope kalyan u have made money

regards

Ajax..

PS: Know the rules well, only then bend them a little.
 
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